Nvidia's price target was raised to a Wall Street high Thursday by a Susquehanna analyst who said the chipmaker's acquisition of Mellanox could add up to $30 billion to the company's market capitalization. Analyst Christopher Rolland raised his price target to $450 from $420, the highest listed on FactSet, telling clients in a note that he sees the "Mellanox asset growing at a double-digit rate over the next three to five years and growing market share under new management." "We ultimately think the Mellanox assets could add $20 to $30 billion to Nvidia's market cap and perhaps more," said Rolland, who reiterated his positive rating on the company. Read More...
Nvidia’s price target was raised to a Wall Street high Thursday by a Susquehanna analyst who said the chipmaker’s acquisition of Mellanox could add up to $30 billion to the company’s market capitalization. Analyst Christopher Rolland raised his price target to $450 from $420, the highest listed on FactSet, telling clients in a note that he sees the “Mellanox asset growing at a double-digit rate over the next three to five years and growing market share under new management.” “We ultimately think the Mellanox assets could add $20 to $30 billion to Nvidia’s market cap and perhaps more,” said Rolland, who reiterated his positive rating on the company.
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