Wall Street Near Unanimous NVIDIA's "Exceptional" Q1 Gives It More Room to Run
Wall Street is coalescing around the idea NVIDIA (NASDAQ: NVDA) is not done yet after the graphics chip designer posted what one analyst called "exceptional" first-quarter results.
While almost every analyst raised their price target for NVIDIA, Deutsche Bank analyst Ross Seymore only nudged his own 4% higher to $600 despite being "pleasantly surprised" by the chipmaker's performance. NVIDIA closed yesterday at $628 per share. Seymore has a hold rating on the stock.
Everyone else seems to think NVIDIA's stock is destined to do much better than that with an average price target of $735 per share, or 17% above where it currently sits.
Source Fool.com