Analyst Ruben Roy from Stifel Nicolaus maintained a Buy rating on Nvidia and increased the price target to $250.00 from $212.00.
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Ruben Roy has given his Buy rating due to a combination of factors that highlight Nvidia’s strong positioning in the AI infrastructure market. The company has secured a substantial order book exceeding $500 billion for its Blackwell and Rubin platforms, which are expected to drive significant revenue growth through 2026. This robust demand is further supported by Nvidia’s strategic role as a backbone in AI infrastructure, which is anticipated to scale higher as AI compute demand increases.
Roy also anticipates Nvidia will exceed third-quarter expectations and provide optimistic guidance for the fourth quarter. The expected financial performance includes a potential beat on sales and margins, driven by an accelerating ramp of the Blackwell platform. Despite some concerns about supply-side risks, the overall outlook for Nvidia remains positive, with the company’s unsold backlog and next-gen deployments providing additional upside potential.
In another report released yesterday, J.P. Morgan also reiterated a Buy rating on the stock with a $215.00 price target.