$NVIDIA (NVDA.US)$ Nvidia stock: Next stop is $160-170, says...

$NVIDIA (NVDA.US)$ Nvidia stock: Next stop is $160-170, says Mizuho analyst

Jordan Klein, a tech desk sector strategist at Mizuho (NYSE:MFG) maintains a positive outlook for Nvidia (NASDAQ:NVDA), expecting the company’s management to deliver a highly optimistic perspective during investor sessions at the CES conference in early January.

Mizuho projects NVIDIA's stock could climb to the $160-$170 range ahead of the GPU Technology Conference (GTC) in March, where the company is set to unveil its new product, Rubin.

"All agree that NVDA sets up well to go on another run to new all-time highs in Q125 into Feb earnings date and GTC in March,” Klein wrote.

“View is that NVDA mgmt. will reinforce a very bullish view at investor meetings during CES in early Jan. I get sense some think Next (LON:NXT) stop NVDA is $160-170 level into GTC and the big preview of Rubin. I can feel the NVDA – AMD pair trade being sized up already," he added.