Analyst Atif Malik from Citi maintained a Buy rating on Nvidia and keeping the price target at $300.00.
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NVDS: built for a short position on NVDAAtif Malik has given his Buy rating due to a combination of factors that point to continued fundamental strength and upside versus market expectations. He forecasts Nvidia’s revenue and data center sales to exceed Street estimates in the upcoming quarters, supported by a faster-than-anticipated ramp of the B300 platform and robust AI accelerator demand.
He also highlights Nvidia’s dominant position in the rapidly expanding AI accelerator market, underpinned by its technology leadership and large installed base, even as custom ASIC solutions grow. Despite keeping his $300 price target unchanged and slightly lowering the valuation multiple, he raises longer-term EPS estimates, reflecting confidence in sustained growth as hyperscale capex and total data center semiconductor spending trend higher.
In another report released on May 8, Bernstein also maintained a Buy rating on the stock with a $300.00 price target.
Based on the recent corporate insider activity of 136 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NVDA in relation to earlier this year.