Analyst Vivek Arya of Bank of America Securities reiterated a Buy rating on Nvidia, retaining the price target of $275.00.
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Vivek Arya has given his Buy rating due to a combination of factors including Nvidia’s strong order pipeline and its position as a leading chip supplier in AI clusters. Nvidia has secured substantial orders for its Blackwell and Rubin products, which are expected to significantly contribute to revenue in the coming years. Despite macroeconomic challenges such as financing difficulties and supply constraints, Arya believes Nvidia’s management will provide reassurance about demand and supply dynamics.
Additionally, Arya notes that Nvidia’s valuation remains attractive, trading at a market multiple with a projected earnings growth of approximately 40%. The company’s experience in full-stack execution and its compelling product pipeline further support the Buy rating. Arya’s price objective for Nvidia is set at $275, reflecting confidence in the company’s future performance and potential upside as orders convert into revenues.
In another report released yesterday, Wedbush also reiterated a Buy rating on the stock with a $210.00 price target.
Based on the recent corporate insider activity of 126 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.