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published in Blogs
Jul 07, 2021
Nvidia (NVDA, $827.94) stock gets price target hike from Keybanc, on demand from cypto and gaming

Nvidia (NVDA, $827.94) stock gets price target hike from Keybanc, on demand from cypto and gaming

Semiconductor company Nvidia  shares got a prcie target boost from Keybanc, on expectations of continued solid demand for video graphics cards and other products used in cryptocurrency and gaming industries.

Keybanc analyst John Vinh raised his one-year price target on Nvidia shares to $950 from $775. This follows BMO Capital Markets analyst Ambrish Srivastava’s price target hike on the shares last Thursday to a Wall Street high of $1,000 from $975. 

Nvidia received optimistic outlook from analysts following company’s better-than-expected first-quarter results, on the back of  strong demand for its graphics cards and chips that have uses in gaming and digital coin mining.

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