NVDA Stock: $275 Price Target From BofA

By Amit Chowdhry ● Sep 18, 2021
  • The shares of NVIDIA Corporation (NASDAQ: NVDA) have received a $275 price target from BofA. These are the details.

The shares of NVIDIA Corporation (NASDAQ: NVDA) have received a $275 price target from BofA. BofA analyst Vivek Arya had increased the price target from $260. And Arya is maintaining a “Buy” rating on the company shares.

Arya is remaining firmly in the stronger-for-longer camp for semiconductors due to their critical role in the rapidly digitizing global economy. And Arya said that these companies face newfound pricing power and disciplined supply with very lean supply chains.

In terms of NVIDIA’s stock, investors are closely awaiting a European Union ruling set for next month on its $40 billion deal to buy Arm. The EU scheduled the deadline to make a ruling on NVIDIA’s deal to buy Arm for October 13.

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