NVIDIA (NVDA) Stock: $220 Target And Overweight Rating

By Amit Chowdhry ● Sep 26, 2022
  • The shares of NVIDIA (NVDA) recently received a $220 price target from JPMorgan. These are the details.

The shares of NVIDIA (NVDA) recently received a $220 price target from JPMorgan. 

Price target: $220

Rating: Overweight reiterated

Analyst: JPMorgan analyst Harlan Sur

Sur adjusted the rating after the company launched its next generation GeForce RTX 40xx series of gaming graphics processors based on its leading Ada Lovelace architecture and provided updates on various products and platforms. And given the channel inventory work downs in the July and October quarters, the products should be strong demand catalysts into next year. Plus Sur pointed out that NVIDIA continues to be 1-2 steps ahead of its competitors from silicon/systems, software, and ecosystem adoption.