Needham raised the firm’s price target on Nvidia (NVDA) to $270 from $240 and keeps a Buy rating on the shares. The company delivered a Q1 beat and guided Q2 revenue above expectations, driven by continued strength across Data Center, the analyst tells investors in a research note. Nvidia management expressed continued confidence around the $1T Blackwell + Rubin revenue target given growth at leading frontier model providers while also noting that the standalone Vera CPU opportunity could allow for the company to become the largest CPU vendor in the world, Needham added.
Meet Samuel – Your Personal Investing Prophet
High conviction NVDA bears now have this Tradr ETFPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Nvidia price target raised to $280 from $265 at JPMorgan
- Nvidia price target raised to $282 from $250 at Stifel
- Nvidia price target raised to $310 from $300 at KeyBanc
- SMCI Stock Loses Shine as Taiwan Probes $2.5B Nvidia (NVDA) Chip-Smuggling Scandal
- Nvidia price target raised to $500 from $300 at Baird