Nvidia: Canaccord Genuity raises target price.
(CercleFinance.com) - Canaccord Genuity raised its price target on Nvidia from 155 dollars to 180 dollars, saying that the US chipmaker's emergence as a platform computing company is now "cemented.
"
The brokerage firm—which has a "buy" rating on the shares—said its bullish thesis on graphics processing unit (GPU) computing continues to accelerate, particularly on datacenters.
The Canadian broker thinks datacenter sales could approach five billion dollars in revenues in the next three years from today's 1.7 billion dollar rate.
"Further, we believe the secular global gaming trends continue to expand and Nvidia's automotive roadmap also continues to strengthen with broad partnerships”, Canaccord said.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"
The brokerage firm—which has a "buy" rating on the shares—said its bullish thesis on graphics processing unit (GPU) computing continues to accelerate, particularly on datacenters.
The Canadian broker thinks datacenter sales could approach five billion dollars in revenues in the next three years from today's 1.7 billion dollar rate.
"Further, we believe the secular global gaming trends continue to expand and Nvidia's automotive roadmap also continues to strengthen with broad partnerships”, Canaccord said.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.