NVIDIA (NASDAQ: NVDA) Starts Receiving Wall Street Laurels for the Stellar RTX 30 Series Cards – Bank of America Pegs a New Street-High Stock Price Target
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NVIDIA (NASDAQ:NVDA), the pre-eminent graphic cards maker, has transformed into a unidirectional play as its shares keep traversing a seemingly endless upward ramp. This incessant bullish rally has resulted in year-to-date gains of over 130 percent, based on yesterday’s all-time high closing price of $552.84.
Today, NVIDIA investors have received a fresh impetus following a chorus of stock price upgrades from Wall Street behemoths. To wit, Bank of America (NYSE:BAC) has come forward today with a new street-high stock price target of $650 for NVIDIA shares, up from the earlier peg at $600. BofA analyst, Vivek Arya, retained a ‘Buy’ rating for the stock while noting: