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Nvidia (NVDA) Stock Price Target Upped at Canaccord Genuity

NEW YORK (TheStreet) -- Nvidia Corp. (NVDA - Get Report) price target was increased to $41 from $36 at Canaccord Genuity on Wednesday morning. The firm also reiterated its "buy" rating on the stock.

The Santa Clara, CA-based company designs graphics processing units for the gaming market, as well as system on a chip units (SOCs) for the mobile computing and automotive market.

The higher price target comes after the company's annual analyst day yesterday.

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