JPMorgan analyst Harlan Sur raised the firm’s price target on Nvidia (NVDA) to $250 from $215 and keeps an Overweight rating on the shares. The company’s Q3 “beat-and-raise” was even stronger than most had expected, the analyst tells investors in a research note. The firm believes the company is a “testament to strong execution across Nvidia’s vast and complex supply chain as it continues to rapidly scale.” JPMorgan says Nvidia’s near-term momentum continues to build.
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