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jimmybob

06/09/17 8:39 AM

#313772 RE: jimmybob #313767

Nvidia price target raised to a Street high $185 from $155 at BofA/Merrill
BofA/Merrill analyst Vivek Arya raised Nvidia's price target to $185 form $155 and reiterated his Buy rating saying he sees strong upside to 2H and 2018 consensus estimates. The analyst said Nvidia's new Volta product cycle offers stronger pricing and said share momentum could continue as large-cap active US managers only own 17% of shares, a potential expanding ownership by Softbank vision fund, and scarcity value