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published in Blogs
Jul 08, 2021
Nvidia's (NVDA, $792.21) shares got a price-target hike at Truist

Nvidia's (NVDA, $792.21) shares got a price-target hike at Truist

Semiconductor company Nvidia's  shares got a price-target boost from Truist, based on demand in gaming and cryptocurrency industries.

Analyst at Truist raised the price target on the shares to $910 from $768. Truise affirmed its buy rating on the stock.

On Tuesday, Keybanc analyst John Vinh increased his one-year price target on Nvidia to $950 from $775. That followed BMO Capital Markets analyst Ambrish Srivastava’s rice target boost to a Wall Street high of $1,000 from $975.

Analysts have been optimistic about Nvidia shares after the company beat its first quarter results on the back of demand for its graphics cards and chips using for both gaming and crypto mining.

Related Tickers: NVDA
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