Harlan Sur, an analyst from J.P. Morgan, maintained the Buy rating on Nvidia. The associated price target remains the same with $215.00.
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Harlan Sur has given his Buy rating due to a combination of factors that highlight Nvidia’s strong market position and growth potential. The company is experiencing robust demand that continues to exceed supply, particularly in its data center business, which is a key growth driver. Nvidia’s upcoming Vera Rubin platform is on track for a successful launch, and the company is well-prepared to support this with its inventory management strategies.
Additionally, Nvidia’s networking segment has shown impressive growth, with high attach rates that are expected to sustain long-term revenue increases. The recent approval for H20 GPU exports to China, despite current geopolitical challenges, also presents a significant revenue opportunity. Overall, Nvidia’s ability to execute across various segments, coupled with strong demand in gaming and data centers, supports the positive outlook and Buy rating.
In another report released today, Phillip Securities also maintained a Buy rating on the stock with a $185.00 price target.