Quinn Bolton, an analyst from Needham, maintained the Buy rating on Nvidia. The associated price target remains the same with $240.00.
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High conviction NVDA bears now have this Tradr ETFQuinn Bolton has given his Buy rating due to a combination of factors tied to Nvidia’s strong and durable growth outlook across both compute and networking. He notes that the company not only exceeded expectations in the most recent quarter, but also guided for sequential revenue increases through calendar 2026, with demand likely extending into 2027.
Bolton also highlights that hyperscale customers account for roughly half of data center sales, while other industries are steadily adding to that momentum, and he expects hyperscalers’ rising cash flows to support higher capital spending. He further points to expanding networking opportunities, on-schedule Vera Rubin deployments, and deeper collaboration with frontier AI model developers as additional pillars supporting his $240 price target, which is based on a roughly 25x multiple of his FY28/CY27 earnings forecast.
In another report released today, William Blair also reiterated a Buy rating on the stock with a $260.00 price target.
Based on the recent corporate insider activity of 136 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.