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BofA Reaffirms Nvidia Buy Rating Eyeing $350 Target on Strong Cash Flow

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The Story

News Summary

  • Bank of America reiterated a Buy rating and a $350 price target on Nvidia, citing strong free cash flow generation and favorable valuation ahead of Q2 earnings.
  • Nvidia trades at an estimated 34% to 50% cash-flow discount while planning substantial shareholder returns via buybacks and dividends.
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NVDA price history

218.29 +19.87% over the displayed period

Advisor Snapshot

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