Posted 4/11/2024, 3:10:21 PM
Raymond James Bullish on Nvidia, Raises Price Target to $1,100 on Strength of New Data Center Chips
- Raymond James raised its price target on Nvidia (NVDA) stock from $850 to $1,100 per share, representing 26.4% upside potential
- The analysts maintained a "strong buy" rating on NVDA stock
- They believe concerns about a spending pause ahead of new product ramps are unwarranted
- NVDA is positioned to gain more data center market share with new products launching
- Raymond James sees NVDA's new H200 and Blackwell chips as near-term growth drivers
