Nvidia: Jefferies raises target price

(CercleFinance.com) - On Monday a Jefferies analyst said that he is raising his target price for the Nvidia share, while maintaining his "Buy" recommendation on it.


The broker's has therefore raised its target price from 570 dollars to 680 dollars.

"NVDA announced it signed a definitive agreement to acquire ARM, subject to regulatory approvals, and expects to close within 18 months. We view the deal as transformative," Jefferies said.


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