William Blair analyst Sebastien Naji has maintained their bullish stance on NVDA stock, giving a Buy rating yesterday.
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Sebastien Naji’s rating is based on Nvidia’s strong growth prospects, particularly in the field of AI and accelerated computing. The recent GTC conference highlighted a significant revenue opportunity for Nvidia’s Blackwell and Rubin GPUs, with projections exceeding $500 billion by 2026. This suggests a substantial upside compared to current market expectations.
Naji notes that Nvidia’s visibility into this revenue stream is supported by the company’s recent performance, where Blackwell GPUs alone have contributed significantly to revenue. The anticipated growth in data center revenue, driven by these advanced GPUs, indicates that current consensus estimates may be undervalued, justifying the Buy rating.
In another report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $220.00 price target.
Based on the recent corporate insider activity of 123 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.