Technology

Nvidia (NVDA) upgraded to buy on data center growth powered by artificial intelligence processing, IBM (IBM) price target cut on competition in AI recruiting, GrubHub (GRUB) upgraded despite growing competition from UberEats, Amazon.com (AMZN). Nvidia SunTrust Robinson Humphrey upgraded Nvidia to buy from hold, with a price target of 177. Shares in Nvidia rose 1% to 157.40 in early trading in the stock market today. Suntrust analyst William Stein expects EPS upside from the high-end of the data center market, where Nvidia has challenged Intel (INTC), as well as gaming and automotive end markets. Nvidia’s artificial intelligence. RELATED: Nvidia Target Hiked On ‘Tectonic Shift,’ Intel Has ‘Most To Lose’; HP, PayPal Upgraded GrubHub Cowen & Co. upgraded GrubHub to outperform from market perform with a price target of 54. Shares in the online delivery website jumped 4.4% to 45.46 in early trading on Wednesday, which would vaulted it back above its 50-day line. Cowen analyst Thomas Champion forecast 22% annual revenue growth and 28% EBITDA growth for GrubHub from 2017to 2022. “Our consumer usage survey suggests 34% of online delivery customers use GrubHub, nearly 70% ahead of the second most used individual service. Other providers include UberEats at 20%, followed by…


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