https://wccftech.com/nvidia-nasdaq-nvda-stock-price-target-hiked-by-a-whopping-50-percent-by-bmo-capital-as-the-company-gears-up-to-announce-q1-2021-earnings/

NVIDIA (NASDAQ:NVDA) has been riding a wave of euphoria lately, buoyed by an increase in hyperscale demand and the growing ubiquity of cloud-based solutions amid spatial distancing measures instituted to dampen the spread of the coronavirus (COVID-19) pandemic. Consequently, as NVIDIA gears up to report its Q1 2021 earnings on the 21st of May, financial analysts have been expressing bullish opinions regarding the company’s prospects.

Today, BMO Capital (TSE:BMO) analyst Ambrish Srivasta raised NVIDIA’s stock price target by a whopping 49.12 percent to $425 from $285, translating to an upside potential of 21.76 percent relative to the current price of $349.04, as of 10:52 a.m. ET. The analyst observed in his investment note: