NVDA Stock: $800 Target (Up From $700) By Rosenblatt Securities 

By Amit Chowdhry ● April 13, 2021
  • The shares of NVIDIA Corporation (NASDAQ: NVDA) have received a price target increase from $700 to $800 by Rosenblatt Securities. These are the details.

The shares of NVIDIA Corporation (NASDAQ: NVDA) have received a price target increase from $700 to $800 by Rosenblatt Securities. And Rosenblatt Securities analyst Hans Mosesmann is maintaining a “Buy” rating on Nvidia.

Rosenblatt Securities cited Nvidia’s announcement that Q1 revenue is expected to be above the prior guidance due to broad-based strengths across all operations. Plus Rosenblatt also noted that Nvidia has major recurring revenue characteristics that could drive profit in virtually “all of Nvidia’s businesses thrusts.”

After the company’s GTC event, over 10 brokerages issued bullish takes on NVIDIA. Some of the brokerages also cited NVIDIA’s Grace CPU being built on the Arm architecture as being a major positive catalyst for the company. NVIDIA’s $40 billion acquisition of Arm from SoftBank is still pending regulatory approval.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.