Nvidia, the Technology sector company, was revisited by a Wall Street analyst today. Analyst James Schneider from Goldman Sachs maintained a Buy rating on the stock and has a $185.00 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
James Schneider has given his Buy rating due to a combination of factors surrounding Nvidia’s recent developments. The company announced that it may soon resume shipping its H20 GPUs to China, following assurances from the U.S. government about obtaining necessary licenses. This potential reversal of the export ban is seen as a positive step, although there are concerns about the sustainability of this decision and its impact on revenue streams.
Despite these uncertainties, Schneider remains optimistic about Nvidia’s prospects, particularly outside of China, as there are significant opportunities for growth heading into 2026. The recent stock performance suggests that some of these positive developments might already be reflected in the price, but Schneider believes there is still considerable upside potential. Overall, the combination of these factors underpins the Buy rating for Nvidia’s stock.
In another report released today, Bank of America Securities also maintained a Buy rating on the stock with a $220.00 price target.