Analyst Stephen Grambling reiterated his overweight rating on shares, which he thinks should move higher based on potential earnings upside.
Analyst Christopher Horvers upgraded the big-box retailer to overweight and hiked his price target by $15 to $81, which suggests 25.4% potential upside.
Analyst Tom O'Malley's price target is now $145 per share, which implies 19.9% potential upside from Friday's close.
Ramsey also attributed his new price target to the firm's latest data center modeling which estimates a software-based revenue breakout for Nvidia.
He raised his price target to $150, which implies 40.8% upside from Friday's close.
Persons:
Morgan Stanley, Stephen Grambling, Grambling, — Pia Singh, Christopher Horvers, Horvers, Tom, O'Malley, TD Cowen, Matthew Ramsey, Ramsey, Rajat Gupta, Gupta, CVNA, Joseph Moore, Moore, Fred Imbert
Organizations:
CNBC, Monday, JPMorgan, North America Gaming, Illinois Senate, Walmart, Nvidia, Barclays Barclays, Sovereign, Broadcom, AMD
Locations:
Illinois, North, IL