Nvidia Price Target Raised To $275 From $251 At BofA/Merrill

Real-Time Financial News • Jan 19, 2018 at 10:25 AM EST

BofA Merrill Lynch analyst Vivek Arya raised his calendar 2018 EPS estimate for Nvidia (NVDA) by 5% and his calendar 2019 estimate by about 10%.

BofA Merrill Lynch analyst Vivek Arya raised his calendar 2018 EPS estimate for Nvidia (NVDA) by 5% and his calendar 2019 estimate by about 10%

Arya cited December online gamer data that points to a large upgrade opportunity for Nvidia cards, upside in high performance computing that was highlighted in TSMC's (TSM) Q4 report and continued strength in cryptocurrency and Nintendo (NTDOY) Switch sale.

Arya increased his price target on Nvidia shares to $275 from $251 and keeps a Buy rating on Nvidia, which he continues to identify as a top pick.

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