Already Nvidia is a market leader in the gaming segment, but with this new massive opportunity ahead it could push its top line further higher by capturing this market. With Nvidia gaining more GPU market share steadily, it could be in for more impressive gains due to a rapidly growing virtual reality video gaming market. The virtual reality video gaming hardware market is expected to generate approximately $5 billion in revenue in 2016, which is significantly up from $660 million in 2015. Goldman Sachs mentioned gaming and VR as some of the big trends for Nvidia’s rating upgrade. VR Gaming Market – The Next Big Growth Driver Which new catalysts will keep propelling NVDA stock, and how will these recent analyst upgrades pan out? Let’s take a closer look. With so much bullish euphoria around NVDA stock, how close can it get to its 2016 performance in 2017 is the big question. The flurry of analyst upgrades and price target hikes indicate the stock still has huge upside potential. Goldman Sachs’s Toshiya Hari was the latest to reiterate a buy rating on NVDA stock after Evercore ISI and Loop Capital recently upgraded their NVDA price targets. It closed yesterday’s trading session at $105.17, up by a humongous 219% from its price of $32.96 at the beginning of the year. The shares of NVIDIA Corporation (NSDQ:NVDA) have gone through the roof in 2016, yesterday again NVDA stock was up by almost 3.5%.

Nvda price target hike