University of Kwazulu-Natal

3 Top Analysts Reaffirm Buy Ratings And Boost Price Targets On Nvidia

Bonisiwe Shabane
-
3 top analysts reaffirm buy ratings and boost price targets on nvidia

Chip giant Nvidia (NVDA) is considered to be one of the key beneficiaries of the artificial intelligence boom, thanks to robust demand for its advanced graphics processing units (GPUs). The stock has been under pressure recently due to concerns about valuations of AI plays and growing competition in the AI chip space from rivals like Broadcom (AVGO), Advanced Micro Devices (AMD) and Alphabet-owned... Nvidia is also facing uncertainty related to chip exports to China amid geopolitical tensions between Washington and Beijing. Despite ongoing pressures, several top analysts remain bullish on Nvidia for several reasons, including its solid track record, strong execution, continued innovation and dominant position in the AI GPU market. TipRanks' AI Analyst also has an "outperform" rating on NVDA stock with a price target of $205. Let's look at the views of three such Wall Street pros who are bullish on Nvidia's growth potential.

Following a virtual meeting with Nvidia's vice president of investor relations, Toshiya Hari, Bank of America analyst Vivek Arya reiterated a buy rating on NVDA stock with a price forecast of $275, saying that... Get stock forecasts from Wall Street's highest rated professionals Our analyst star rankings are based on these four factors NVIDIA Corporation is catching the eyes of analysts with positive ratings and a heightened price target. CFRA, an influential analyst firm, has reasserted its “Buy” recommendation for NVIDIA Corporation, raising their price target from $196 to $206. This decision is driven by a strong earnings outlook, anticipating significant growth.

Analyst Angelo Zino highlighted expectations for over 50% growth in both the July and October quarters. As NVIDIA Corporation continues to innovate in AI solutions, its role in AI stocks becomes increasingly pivotal. The firm’s optimism reflects potential robust performance in their upcoming earnings report. NVIDIA Corporation (NASDAQ: NVDA) stands out in the AI technology landscape, leading with cutting-edge solutions that span data centers to self-driving cars. Recently, CFRA, a notable analyst firm, has reiterated its confidence in NVIDIA, labeling it a “Buy” and uplifting its price target to $206 from $196. This bullish stance is based on a projected P/E of 29x for the calendar year 2027 EPS.

Expectations are set high as NVIDIA approaches its earnings release, with CFRA anticipating over 50% growth for the upcoming quarters. Analyst Angelo Zino pointed to strong top-line growth indicators that could propel NVIDIA’s market position further. The firm’s specialization in AI-driven technologies for diverse applications, including robotics and cloud services, underscores its strategic importance in the tech sphere. Moreover, NVIDIA’s broader impact on the AI stock market is significant, with analysts suggesting that its technological advancements hold substantial promise for investor returns. While acknowledging the inherent risks of investing in AI technology stocks, the general sentiment around NVIDIA is highly optimistic. This optimism is rooted in the company’s consistent innovation and strong financial performance forecasts.

In conclusion, NVIDIA Corporation remains a formidable player in the AI sector, driven by robust growth forecasts and strategic market positioning. As it continues to expand its technological footprint, investors and analysts alike watch closely, anticipating its next moves in the evolving tech landscape. This chart shows the closing price for NVDA by one month, three months, or twelve months. This chart shows the closing price for NVDA for the last year in relation to the current analyst high, average, and low pricetarget. Move your mouse over past months for details Move your mouse over past months for details

The following Wall Street analysts have issued research reports on NVIDIA in the last twelve months: Arete Research, Argus, Bank of America Corporation, Barclays PLC, Benchmark Co., BNP Paribas, BNP Paribas Exane, Cantor Fitzgerald,... Baird, Rosenblatt Securities, Rothschild & Co Redburn, S&P Equity Research, Sanford C. Bernstein, Seaport Global Securities, Seaport Res Ptn, Stifel Nicolaus, Summit Insights, Susquehanna, TD Cowen, The Goldman Sachs Group, Inc., Tigress Financial, Truist Financial Corporation, UBS Group AG, Wall Street Zen, Wedbush, Weiss Ratings, Wells... View the latest analyst ratings for NVDA. Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement

People Also Search

Chip Giant Nvidia (NVDA) Is Considered To Be One Of

Chip giant Nvidia (NVDA) is considered to be one of the key beneficiaries of the artificial intelligence boom, thanks to robust demand for its advanced graphics processing units (GPUs). The stock has been under pressure recently due to concerns about valuations of AI plays and growing competition in the AI chip space from rivals like Broadcom (AVGO), Advanced Micro Devices (AMD) and Alphabet-owned...

Following A Virtual Meeting With Nvidia's Vice President Of Investor

Following a virtual meeting with Nvidia's vice president of investor relations, Toshiya Hari, Bank of America analyst Vivek Arya reiterated a buy rating on NVDA stock with a price forecast of $275, saying that... Get stock forecasts from Wall Street's highest rated professionals Our analyst star rankings are based on these four factors NVIDIA Corporation is catching the eyes of analysts with posit...

Analyst Angelo Zino Highlighted Expectations For Over 50% Growth In

Analyst Angelo Zino highlighted expectations for over 50% growth in both the July and October quarters. As NVIDIA Corporation continues to innovate in AI solutions, its role in AI stocks becomes increasingly pivotal. The firm’s optimism reflects potential robust performance in their upcoming earnings report. NVIDIA Corporation (NASDAQ: NVDA) stands out in the AI technology landscape, leading with ...

Expectations Are Set High As NVIDIA Approaches Its Earnings Release,

Expectations are set high as NVIDIA approaches its earnings release, with CFRA anticipating over 50% growth for the upcoming quarters. Analyst Angelo Zino pointed to strong top-line growth indicators that could propel NVIDIA’s market position further. The firm’s specialization in AI-driven technologies for diverse applications, including robotics and cloud services, underscores its strategic impor...

In Conclusion, NVIDIA Corporation Remains A Formidable Player In The

In conclusion, NVIDIA Corporation remains a formidable player in the AI sector, driven by robust growth forecasts and strategic market positioning. As it continues to expand its technological footprint, investors and analysts alike watch closely, anticipating its next moves in the evolving tech landscape. This chart shows the closing price for NVDA by one month, three months, or twelve months. Thi...