- Goldman Sachs analyst Toshiya Hari reinstated coverage of NVIDIA Corp NVDA with a Neutral rating and a $245 price target, representing a 7% potential upside.
- The analyst continues to view NVIDIA as an industry leader in accelerated computing.
- He expects the proliferation of artificial intelligence and machine learning to drive earnings growth and a valuation multiple that exceeds the industry average over the long run.
- However, Hari believes the risk/reward on the stock is fairly balanced on a 12-month basis.
- Price Action: NVDA shares traded lower by 2.96% at $222.57 in the premarket on the last check Monday.
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