William Blair analyst Sebastien Naji has reiterated their bullish stance on NVDA stock, giving a Buy rating yesterday.
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Explore NVDS for 2X short leverage on NVDASebastien Naji has given his Buy rating due to a combination of factors, most notably Nvidia’s position at the center of accelerating AI-driven computing demand and its broadening role beyond traditional GPUs. He expects the company to post another quarter of revenue outperformance with guidance that underscores not only continued strength in AI accelerators, but also growing traction in adjacent system-level offerings.
Naji also highlights that Nvidia is evolving into a full-stack infrastructure provider, with increasing contributions from networking, CPUs, and other data center components that should sustain growth even as spending shifts within the stack. With the shares trading at what he views as a discounted earnings multiple relative to Nvidia’s long-term growth prospects, his valuation work supports meaningful upside to roughly $300 per share, reinforcing his positive risk/reward view and Buy recommendation.
According to TipRanks, Naji is a 5-star analyst with an average return of 40.3% and an 85.53% success rate. Naji covers the Technology sector, focusing on stocks such as Broadcom, Marvell, and Nvidia.
In another report released yesterday, HSBC also maintained a Buy rating on the stock with a $325.00 price target.