Bank of America analyst Vivek Arya raised its price target on Nvidia (NASDAQ:NVDA) to $255 from $215 and maintained a “buy” rating. Nvidia’s full-stack acceleration chips, systems, software and developers put it in a unique lead in the emerging generative artificial intelligence (AI) race, the analyst said. Bank of America’s new model predicts that NVIDIA’s sales and earnings per share will grow at compound annual growth rates of 25% and 34%, respectively, through 2027, as the adoption of generative AI triples the addressable market size for AI accelerators.