2020-01-13: NVIDIA shares are trading higher after Needham upgraded the company's stock from Underperform to Hold.. Analysts Upbeat After Nvidia's CES Presentations: 'Must-Own Stock For Technology Investors'. Craig-Hallum Earlier Reiterated Buy on NVIDIA, Raised Price Target to $300. UPDATE: Needham Upgrades NVIDIA To Hold 'following our positive meeting at CES'; 'we contend the shares are fully valued at 34x our F2021 earnings estimate (near multi-year high). Furthermore, we believe competition will accelerate in AI training in 2020'. UPDATE:Argus Reiterates Buy On NVIDIA, Raises Tgt To $300 Notes Co. Shined At CES As 'CES 2020 provided NVidia an opportunity to highlight rapid adoption of its ray tracing technology, which renders more realistic light and shadows in gaming applications'. Benzinga's Top Upgrades, Downgrades For January 13, 2020. Nvidia Analyst Says Chipmaker Lacks Earnings Potential To Justify Lofty Valuation. 10 Biggest Price Target Changes For Monday. Argus Research Maintains Buy on NVIDIA, Raises Price Target to $300. Needham Upgrades NVIDIA to Hold