The firm increased its price target on shares to $1,100 from $800 on the back of a successful quarterly earnings report.
Nvidia's unprecedented rise to the top is just beginning, according to Rosenblatt. The firm raised its price target to $1,100 from $800 — a new high among Wall Street Street analysts — after the chipmaker managed to beat second-quarter estimates and issue optimistic guidance. Rosenblatt had already hiked its price target heading into this week . The new price target implies more than 133% upside from Wednesday's close. Rosenblatt also reiterated its buy rating on shares.
mountain Nvidia shares Intraday —CNBC's Michael Bloom contributed to this report.
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