Christopher Rolland, an analyst from Susquehanna, reiterated the Buy rating on Nvidia. The associated price target remains the same with $210.00.
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Christopher Rolland’s rating is based on Nvidia’s strong performance and promising future prospects. The company exceeded expectations with its guidance, driven by the rapid ramp-up of its Blackwell Ultra product line, which surpassed initial forecasts. Additionally, Nvidia’s networking segment showed robust growth, particularly with Spectrum-X and InfiniBand, which contributed significantly to the company’s overall success.
Despite uncertainties in the Chinese market, Nvidia managed to achieve impressive results by selling written-down H20 units to other markets, which bolstered its gross margins. The company’s gaming segment also performed well as supply constraints eased, and new GPU launches continued to gain traction. Overall, Rolland remains optimistic about Nvidia’s potential to resume H20 shipments and achieve further revenue growth, justifying his Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $200.00 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.