Citi Reiterates Buy On Nvidia With Increased Target Implying 15% Upside

July 22, 2021 7:03 AM | 29 seconds read | Make a Comment

Citigroup analyst Atif Malik raised the price target on NVIDIA Corp NVDA to $223 from $180, implying 14.89% upside, and reiterated a Buy rating.
Malik updated his model post 4-for-1 stock split.
He views any crypto-driven gaming pullback in the second half of 2021 as a buying opportunity into 5nm Ampere Next product cycle in 2022 and Grace CPU in early 2023.
Price action: NVDA shares traded higher by 0.96% at $195.97 in the premarket session on the last check Thursday.