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Numerous Wall Street Firms Uplift NVIDIA TP by 3%, w/ 10% Upside Still Before Earnings Release
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Several Wall Street analysts raised their target price expectations for NVIDIA (NVDA.US) ahead of the company's quarterly earnings announcement on August 27.

This week alone, at least nine analysts uplifted their 12-month target price, with the average target price rising by 3% to nearly US$194, setting a new high. This suggested there is still over 10% upside potential for NVIDIA, compared with Wednesday's closing price.

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This week's institutions raising NVIDIA's target price included UBS and Morgan Stanley. Based on Bloomberg data, nearly 90% of analysts covering NVIDIA gave it a Buy or equivalent rating.
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