DA Davidson Raises NVIDIA Price Target to $135

DA Davidson analyst Gil Luria raised the price target on NVIDIA (NASDAQ: NVDA) to $135 (from $120) while maintaining a Neutral rating.

“We maintain our NEUTRAL rating and raise our price target from $120 to $135 on NVIDIA following mixed earnings results that saw better than expected top-line numbers, but notable impact from the lack of H20 sales into China in Q1 and Q2.

It is our belief that the Street is under-accounting Chinese contribution to NVIDIA revenue and that this topic represents the largest overhang on the stock, which will continue until we have an official position from the Trump administration that will give us resolution on the matter in one direction or the other.”

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