Argus Starts NVIDIA (NVDA) at Buy

Argus initiates coverage on NVIDIA (NASDAQ: NVDA) with a Buy rating and a price target of $39.00.

The analyst positive outlook is based on the NVIDIA’s leadership in visual computing, which they believe will create significant opportunity in new markets. NVidia controls between 75% and 80% of the GPU market, with Advanced Micro Devices in second place.

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.

Shares of NVIDIA closed at $32.82 yesterday.

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