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Technology Stocks : Semi Equipment Analysis
SOXX 306.14+0.4%Dec 24 4:00 PM EST

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To: Donald Wennerstrom who wrote (76255)7/10/2017 2:56:13 PM
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Here is the follow up article on Needham raising the target price to $200 on NVDA.

Nvidia price target raised to $200 from $130 at NeedhamNeedham analyst Rajvindra Gill raised his price target for Nvidia (NVDA) to $200 on higher conviction that the company's agreement with Toyota (TM) will generate "meaningful" revenue over the next 24 months. The analyst believes the deal could generate up to $1.7B of incremental revenue. Meetings with Toyota confirm the automaker has aggressive plans to deploy Level 2 Advanced systems, which will be on Nvidia's Drive PX Xavier platform, in mass market in the U.S. and Japan over the next two-and-a-half years, Gill tells investors in a research note. He keeps a Buy rating on Nvidia. Jefferies this morning raised its price target on Nvidia to $180 from $140. The shares in premarket trading are up $2.23 to $149.00.
thefly.com
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