Analyst Ruben Roy of Stifel Nicolaus maintained a Buy rating on Nvidia (NVDA – Research Report), retaining the price target of $180.00.
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Ruben Roy has given his Buy rating due to a combination of factors influencing Nvidia’s current and future performance. Despite recent restrictions impacting sales to China, Nvidia’s results and outlook are expected to remain stable, with a significant acceleration anticipated in the second half of the year. This is supported by Nvidia’s expanding presence in the UAE and Saudi Arabia, which aligns with U.S. policy shifts and strengthens their supply chain discussions.
Looking forward, Nvidia’s strategic partnerships and product ramps are expected to drive incremental revenue, particularly with the HUMAIN deployment potentially contributing up to $1 billion. The stock’s current valuation appears attractive, given Nvidia’s leadership in global AI infrastructure and the anticipated growth in demand for their products. These factors, combined with the expected modest beat in upcoming earnings, provide a positive outlook for Nvidia’s share price performance.
According to TipRanks, Roy is a 5-star analyst with an average return of 17.7% and a 63.80% success rate. Roy covers the Technology sector, focusing on stocks such as Intel, Advanced Micro Devices, and Ciena.
In another report released yesterday, Oppenheimer also reiterated a Buy rating on the stock with a $175.00 price target.
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