NVDA Stock: $250 Price Target From Susquehanna

By Amit Chowdhry ● Oct 3, 2021
  • The shares of NVIDIA Corporation (NASDAQ: NVDA) have received a price target of $250 by Susquehanna. These are the details.

The shares of NVIDIA Corporation (NASDAQ: NVDA) have received a price target of $250 by Susquehanna. And Susquehanna analyst Christopher Rolland is maintaining a “Positive” rating on the shares after raising the price target from $220.

Recently, NVIDIA announced that Electronic Arts is bringing more hit games to the NVIDIA GeForce NOW cloud gaming service, starting with Battlefield 1 Revolution, Mirror’s Edge Catalyst, Unravel Two, Dragon Age: Inquisition and Apex Legends.

GeForce NOW membership has more than doubled in the past year, giving Electronic Arts access to more than 12 million gamers. And collectively, over 20 million hours of gameplay are streamed each month via GeForce NOW, from 30 data centers in more than 70 countries.

GeForce NOW allows Electronic Arts games to be played with legendary GeForce performance by gamers who may not have a gaming PC —  which includes over 1 billion underpowered PCs and incompatible devices, like phones, tablets and Chromebooks. Nearly 80% of the devices that currently access GeForce NOW would not otherwise be capable of playing the latest PC games.

GeForce NOW is now connected to the most popular game stores — including Steam and Epic Games Store — a win-win for developers and gamers. And no additional development work or porting is required of developers while gamers get access to hit titles from their library without having to purchase the games again or having to deal with hefty downloads, patches and updates. EA games can be added quickly to GeForce NOW through regular “GFN Thursday” releases.

Five games from some of EA’s most popular franchises are available on GeForce NOW starting today. And members can stream Battlefield 1 Revolution to experience immersive untold stories of World War I; become a heroic leader and restore order against agents of chaos in Dragon Age: Inquisition; solve puzzles with the family-friendly Unravel Two; or dive into a fast-paced, free-running adventure with Mirror’s Edge Catalyst.

The initial set of EA games is streaming today in more than 70 countries, including through the GeForce NOW Alliance network — a partnership of operators using NVIDIA RTX Servers and NVIDIA cloud-gaming software to expand and provide the GeForce NOW cloud gaming experience globally. And Alliance partners in Russia, Turkey, Korea, Japan, Taiwan and Saudi Arabia were recently joined by new regional operators in Australia, Singapore, Brazil and select other South American countries.

KEY QUOTE:

“GeForce NOW expands the reach of the GeForce PC gaming experience to reach millions of underserved gamers on new devices and in new regions. It’s an opportunity for Electronic Arts to get some of their most beloved franchises into the hands of a rapidly growing global audience instantly.”

— Jeff Fisher, senior vice president of the GeForce business at NVIDIA

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