NVIDIA (NVDA) PT Raised to $150 at Argus, 'We recommend establishing or adding to positions'

Argus analyst Jim Kelleher raised the price target on NVIDIA (NASDAQ: NVDA) to $150.00 (from $110.00) while maintaining a Buy rating.

The analyst comments "Following a highly successful FY24, Nvidia, in our view, is positioned for continued momentum in FY25. The NVDA shares have much further to go, given the company's positioning within transformational AI technology. We recommend establishing or adding to positions in this preeminent vehicle for participation in the AI economy. We believe that most technology investors should own NVDA in the age of deep learning, AI, and GPU-driven applications acceleration. We are reiterating our BUY rating and raising our target price to $150, from $110 (both figures split-adjusted)."

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