- KeyBanc analyst John Vinh raised NVIDIA Corp’s NVDA price target to $950 from $775. Vinh reiterated an Overweight rating.
- The new price target implies a 15.9% upside on the company’s Friday closing price at $819.48.
- Feedback confirms robust gaming demand and not crypto mining demand fueled by introducing Cryptocurrency Mining Processors (CMPs) and healthy data center strength, Vinh cited.
- Recently, Nvidia CEO Jensen Huang expressed optimism over regulatory support for the acquisition of SoftBank Group Corp’s SFTBY SFTBF Arm Ltd in a deal valued at $40 billion.
- Price action: NVDA shares traded higher by 1.22% at $829.45 in the premarket session on the last check Tuesday.
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