NVIDIA Corp (NVDA)

[4retire]

RBC Capital just raised the outlook for NVDA to $72/share. Here's part of it:

"In addition to Morgan Stanley and Deutsche Bank memos out today restating positions, RBC Capital issues an Outperform upgrade on Nvidia (NVDA +4.4%).
Analyst Mitch Steves notes: "We think the NVIDIA story has materially changed to a structural long driven by 1) deep learning, 2) automotive and 3) virtual reality growth. While expectations were originally slated for ~8-12% revenue growth, we think 20-30% is now on the table combined with margin tailwinds from improving yield on production. Data Center out-performance was the primary driver to a thesis changing moment (potential for q/q growth through CY16) given our previous stance for a single leg of growth (Virtual Reality). Finally, the Automotive segment continues to act as a call option on the stock if the Drive PX platform sees robust growth. Net: we are moving to an Outperform rating and move our price target to $72."
Nvidia is currently trading around $62."