Joshua Buchalter, an analyst from TD Cowen, reiterated the Buy rating on Nvidia. The associated price target remains the same with $235.00.
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Joshua Buchalter has given his Buy rating due to a combination of factors that highlight Nvidia’s strong market position and growth potential. Nvidia’s leadership in AI technology and the ongoing high demand for AI computing solutions are significant contributors to this positive outlook. The company has demonstrated impressive financial performance, surpassing expectations and maintaining a clear path towards achieving substantial revenue by the end of 2026.
Additionally, Nvidia’s strategic investments and partnerships, such as with Anthropic, are seen as crucial for diversifying its customer base and validating its technological edge. The company’s ability to manage gross margins effectively, despite volatility in the memory market, further supports its pricing power and competitive advantage. These elements collectively underpin Buchalter’s confidence in Nvidia’s future prospects, justifying the Buy rating.
In another report released yesterday, Mizuho Securities also reiterated a Buy rating on the stock with a $245.00 price target.