NVIDIA (NASDAQ:NVDA) PT Raised to $925.00

NVIDIA Corporation (NVDA) is a multinational technology company that specializes in the design and manufacture of graphics processing units (GPUs) for gaming, professional visualization, data center, and automotive markets. The company's stock is listed on the NASDAQ Global Select Market under the symbol "NVDA."

On Thursday, Bank of America raised its target price on NVIDIA from $800.00 to $925.00 in a research note issued by analysts led by Vivek Arya. The firm currently has a "buy" rating on the computer hardware maker's stock, indicating that they believe the stock is undervalued and has potential for growth.

The increase in the target price reflects Bank of America's confidence in NVIDIA's ability to continue growing its business and delivering strong financial results. The firm believes that NVIDIA's products are well-positioned to meet the increasing demand for high-performance computing and artificial intelligence (AI) solutions, which are becoming increasingly important in a wide range of industries.

In addition to its strong financial performance, NVIDIA has also been recognized for its innovation and leadership in the technology industry. The company has received numerous awards and accolades for its products and technologies, including being named one of Fast Company's Most Innovative Companies for 2021.

Overall, Bank of America's price objective would indicate a potential upside of 17.36% from the current stock price of $925.00, indicating that the firm believes that NVIDIA has significant growth potential and is well-positioned to continue delivering strong financial results in the future.