Needham analyst Quinn Bolton has maintained their bullish stance on NVDA stock, giving a Buy rating today.
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NVDS: built for a short position on NVDAQuinn Bolton has given his Buy rating due to a combination of factors tied to Nvidia’s strong execution and long-term growth outlook. He highlights that Nvidia exceeded fiscal Q1 expectations and issued guidance above consensus, underpinned by robust data center demand and confidence in its $1 trillion Blackwell and Rubin architecture opportunity.
Bolton also points to the emerging Vera CPU franchise, which he believes can position Nvidia as the leading global CPU supplier with potential revenue reaching about $20 billion by fiscal 2027. Additionally, he cites growing diversification beyond hyperscalers, sizeable long-term supply and cloud commitments, and his upwardly revised 12‑month price target of $270 based on higher earnings forecasts as key supports for the Buy rating.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $310.00 price target.