NVIDIA up 2% Pre-Market Following Analyst Upgrade

NVIDIA Corporation NVDA is trading higher pre-market following an analyst upgrade. FBR Capital Markets upgraded Nvidia to Outperform from Market Perform and raised the price target from $17 to $20. NVIDIA Corporation is a provider of visual computing technologies and the inventor of the graphics processing unit. The stock is currently above its 200-day and 50-day moving averages. The shares of NVIDIA are currently trading at $16.23, up +0.33 or 2.11% pre-market.