Goldman Sachs raised NVIDIA (NASDAQ:NVDA) target price to $275 from $226
Goldman Sachs reported that NVIDIA’s (NASDAQ:NVDA) fiscal fourth quarter results were impressive, with non-GAAP ex-board (SBC) earnings of $0.88 per share, 9% higher than market expectations, mainly due to increased gaming revenue and strict expense management. Goldman Sachs upgraded the rating of Nvidia from neutral to buy, and raised its target price to $275 from $226, reflecting a renewed acceleration in growth.
Goldman Sachs raised NVIDIA (NASDAQ:NVDA) target price to $275 from $226 Read Post »