Canaccord Genuity’s Matthew Ramsay expects the Pascal GPU to drive meaningful upside for NVIDIA Corporation , as compared to the consensus expectations for the October quarter, as well as guidance and results for the January quarter.Ramsay reiterated a Buy rating on the company, while raising the price target from $70 to $80.Transformation CompleteThe analyst believes the company’s transformation “from a PC-leveraged GPU supplier to a diverse visual-computing company is now complete with growth and overall earnings power now driven by the company's four target growth markets of gaming, enterprise, HPC/cloud, and automotive that now represent >90 percent of non-IPR revenue.”Ramsay also expects robust gaming GPU growth to continue in the near term, driven by the Pascal ramp, while new trends associated with virtual/augmented reality, deep learning and autonomous driving are expected to drive new market growth in the longer term.Read more