Top Analyst Upgrades Nvidia on the Back of Strong Balance Sheet and AI Capabilities

Although the current period will no doubt be remembered as the time when the world fought the invisible enemy coronavirus, its is safe to assume the Street will also remember the period’s extreme bouts of volatility, too. Case in point: Nvidia (NVDA) stock had its best performing week in over two years, skyrocketing 25%.Adding to the good news, Needham’s Rajvindra Gill upgraded his rating on the chipmaker from Hold to Buy. However, Gill’s price target of $270 implies modest upside from current prices. (To watch Gill’s track record, click here)So, what is behind the 5-star analyst’s reevaluation? While acknowledging that …read more

Source:: Yahoo Finance


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