A gamer plays a video game with the Graphic card GeForce during the 'Paris Games Week'on October 27, 2016 in Paris, France.

Chesnot  Getty Images

A recovery in Nvidia's gaming business will send the stock upward, according to Evercore ISI.

The firm reiterated its outperform rating on the name and raised its price target to $225 from $185, a nearly 25% upside for the stock.