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Wall Street Near Unanimous NVIDIA's "Exceptional" Q1 Gives It More Room to Run

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Wall Street Near Unanimous NVIDIA's "Exceptional" Q1 Gives It More Room to Run

Wall Street is coalescing around the idea NVIDIA (NASDAQ: NVDA) is not done yet after the graphics chip designer posted what one analyst called "exceptional" first-quarter results.

While almost every analyst raised their price target for NVIDIA, Deutsche Bank analyst Ross Seymore only nudged his own 4% higher to $600 despite being "pleasantly surprised" by the chipmaker's performance. NVIDIA closed yesterday at $628 per share. Seymore has a hold rating on the stock.

Everyone else seems to think NVIDIA's stock is destined to do much better than that with an average price target of $735 per share, or 17% above where it currently sits.

Source Fool.com

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