That is tied for a Street high target with Bank of America and represents 22% upside from where the stock closed on Monday. "In gaming, we think increased supply and price increases will lead to upside in 2H21." Raymond James raised its price target to $900 per share from $750. "After completing some checks over the past week, and following our management conversations post earnings, we're convinced that datacenter has begun to reaccelerate due to hyperscale digestion, a resumption of enterprise activity and rising virtualization," the note said. Raymond James analyst Chris Caso hiked his price target on Nvidia, saying in a note to clients on Tuesday that the company was showing signs of strength across multiple product categories. The industry's growth has been hampered by a supply-chain shortage that has resulted in a tight supply for some consumer products, such as cars and laptops. Shares of the semiconductor company have jumped 23% in the past month after seemingly being stuck in neutral for much of the last year. Nvidia 's stock has room to run after its recent breakout, and the chipmaker is poised for improvement in several areas, according to Raymond James.
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