Nvidia announced many new products. Bank of America updated its opinion on Nvidia stock. The Siemens-Nvidia partnership was expanded. Nvidia decided to go all in with its announcements during CES.
Bank of America reiterates (again) Nvidia as its top AI pick with a buy rating and the target price of $275, based on 28 multiple his estimate for price-to-earnings ratio excluding cash for calendar year 2027, which is within Nvidia’s historical forward year price-to-earnings range of 25 to 56.
https://www.thestreet.com/investing/stocks/bank-of-america-resets-nvidia-stock-forecast-after-key-event