Wedbush Securities Maintains Positive View On NVIDIA

In a report published Monday, Wedbush Securities analyst Betsy Van Hees reiterated an Outperform rating and $25.00 price target on NVIDIA Corporation (NASDAQ: NVDA).

In the report, Wedbush Securities noted, "We hosted an investor meeting late last week with NVIDIA's (NVDA) EVP & CFO Collette Kress in Santa Clara, CA where management highlighted 1) strong growth opportunities for Tegra in auto and mobile gaming, 2) GeForce mix is driven by gaming, 3) GRID traction remains strong, and 4) GTC will focus on deep learning with high-profile speakers like Tesla's CEO Elon Musk."

NVIDIA closed on Friday at $22.70.