Analyst Harlan Sur of J.P. Morgan reiterated a Buy rating on Nvidia, retaining the price target of $265.00.
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Explore NVDS for 2X short leverage on NVDAHarlan Sur has given his Buy rating due to a combination of factors related to Nvidia’s strengthening demand outlook and expanding platform. He highlights that management now sees over $1 trillion of committed demand for Blackwell and Vera Rubin systems through 2027, materially above prior guidance and Street expectations, supported by both hyperscalers and a widening base of enterprise, sovereign, and AI-native customers.
At the same time, he views Nvidia’s vertically integrated hardware‑plus‑software stack, new Groq LPU integration for low‑latency inference, dual copper/CPO scale‑up roadmap, and the Vera CPU emerging as a meaningful standalone revenue driver as reinforcing a durable, hard‑to‑replicate competitive position. Sur argues that accelerating inference needs and the push to speed up traditional enterprise workloads meaningfully enlarge Nvidia’s addressable market and should sustain data center revenue growth beyond the current AI training wave, justifying his Overweight/Buy stance on the shares.
In another report released today, Citi also maintained a Buy rating on the stock with a $300.00 price target.