Nvidia price target raised to $225 from $185 at Bernstein

Bernstein raised the firm’s price target on Nvidia (NVDA) to $225 from $185 and keeps an Outperform rating on the shares following quarterly results. Overall, the results were good, though with the guide perhaps just a hair light of the latest whispers, and while bears might point to computing revenues falling sequentially in the quarter and an “only” inline datacenter guide this was really just around continued messy China dynamics, the firm says. But Bernstein believes guidance was still very respectable even as it continues to leave China as upside rather than count on it, and appears to indicate a sharp acceleration in the Blackwell ramp into next quarter suggesting core fundamentals remain robust.