BofA raised the firm’s price target on Nvidia (NVDA) to $235 from $220 and keeps a Buy rating on the shares. While China remains an uncertainty, the firm expects non-China rest of the world to more than offset geopolitical headwinds in shipping there, which it completely excludes from its model. Even without any China contributions, the firm raised its FY26, FY27 and FY28 pro-forma EPS estimates by 6%, 7% and 11% for what it identifies as its “top sector pick” after last night’s earnings.
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