Analyst Timothy Arcuri from UBS maintained a Buy rating on Nvidia and keeping the price target at $245.00.
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NVDS: built for a short position on NVDATimothy Arcuri has given his Buy rating due to a combination of factors, including evidence that Taiwan’s April export pullback mainly reflects normalization after an unusually strong March rather than a deterioration in demand. He notes that, even with the month-over-month decline, export levels tied to data processing equipment remain historically high, underscoring robust underlying AI-driven demand that should continue to benefit Nvidia’s data center business.
Arcuri also emphasizes that Taiwan’s ADP export series is an imperfect but useful indicator for Nvidia, since it excludes chips assembled overseas, networking hardware, and captures competitors’ servers as well, which can lead to short-term divergences from Nvidia’s reported data center revenue. Despite these variances and a first-quarter export figure that trails his data center revenue estimate, he sees the broader trend as supportive and therefore keeps his valuation framework intact, maintaining an unchanged 19x multiple and a steady $245 price target while reiterating his Buy rating.
According to TipRanks, Arcuri is a top 25 analyst with an average return of 55.6% and an 81.52% success rate. Arcuri covers the Technology sector, focusing on stocks such as Nvidia, Micron, and Broadcom.
In another report released on May 8, Bernstein also maintained a Buy rating on the stock with a $300.00 price target.