In a report released yesterday, Atif Malik from Citi maintained a Buy rating on Nvidia (NVDA – Research Report), with a price target of $150.00.
Atif Malik has given his Buy rating due to a combination of factors that reflect Nvidia’s resilience and strategic positioning in the market. Despite the recent announcement that the U.S. government will impose new export license requirements on Nvidia’s H20 AI chip to China, Malik maintains confidence in Nvidia’s ability to navigate these challenges. This is largely because the company had already anticipated potential restrictions and adjusted its sales estimates accordingly, minimizing the impact on its financial outlook.
Furthermore, Malik recognizes that while the new regulations might affect Nvidia’s short-term guidance, the company’s robust AI units and sales forecasts remain intact. The expectation that Nvidia’s AI GPU sales to China would eventually face restrictions was already factored into previous analyses, suggesting that the market has partially priced in these developments. Consequently, Malik’s Buy rating underscores a belief in Nvidia’s long-term growth potential and its capacity to adapt to regulatory changes.
In another report released today, UBS also maintained a Buy rating on the stock with a $185.00 price target.
NVDA’s price has also changed moderately for the past six months – from $131.600 to $112.200, which is a -14.74% drop .