Susquehanna analyst Christopher Rolland reiterated a Buy rating on Nvidia today and set a price target of $210.00.
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Christopher Rolland has given his Buy rating due to a combination of factors including Nvidia’s strong position in the AI and data center markets. The company’s robust demand for AI technologies is supported by significant investments from hyperscale companies and partnerships in Sovereign AI, which are expected to drive further growth. Additionally, the anticipated ramp-up of the GB300 product line is projected to contribute to double-digit revenue growth in the coming quarters, supported by higher average selling prices and improved margins.
Moreover, Nvidia’s potential revenue from H20 shipments to China, despite being excluded from current models, presents a substantial upside. The gaming sector also shows positive trends, with Nvidia gaining market share and increasing retail prices. The company’s advancements in generative AI and Omniverse are expected to sustain growth in professional visualization. Overall, these factors, coupled with a raised price target, underpin Rolland’s optimistic outlook on Nvidia’s stock.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $215.00 price target.
Based on the recent corporate insider activity of 111 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.