Jefferies analyst Blayne Curtis raised the firm’s price target on Nvidia (NVDA) to $220 from $205 and keeps a Buy rating on the shares. After Nvidia announced a strategic partnership with OpenAI to deploy 10GW of Nvidia systems, the analyst noted that management made clear the strategic partnership represents incremental demand and does not overlap with existing OpenAI plans with Oracle (ORCL) or Microsoft (MSFT). The firm is raising estimates based on the new partnership, taking its calendar year 2026 and 2027 revenue estimates up to $282B and $334B, respectively, while raising EPS estimates for both years as well.
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