Joseph Moore, an analyst from Morgan Stanley, maintained the Buy rating on Nvidia. The associated price target remains the same with $210.00.
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Joseph Moore has given his Buy rating due to a combination of factors. Nvidia’s recent GTC conference highlighted the company’s strong positioning in the AI semiconductor industry, particularly with the transition from Hopper to Blackwell and eventually Rubin. The management’s projection of $500 billion in cumulative revenue by the end of 2026 underscores the significant demand for Nvidia’s products, which Moore sees as a positive indicator for future growth.
Moreover, Moore notes that Nvidia’s management has demonstrated readiness for the upcoming Vera Rubin system launch, which is expected to further bolster the company’s market position. The strong demand and management’s transparency in providing revenue visibility are likely to enhance investor confidence and improve Nvidia’s stock valuation. These factors collectively contribute to Moore’s optimistic outlook and Buy rating for Nvidia.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $225.00 price target.