RBC Capital raised the firm’s price target on Nvidia (NVDA) to $270 from $250 and keeps an Outperform rating on the shares. The company’s results and outlook handily beat consensus estimates as its Blackwell demand remains robust, Rubin ramps are on track for Q3, and Vera CPU is emerging as an incremental driver with about $20B of revenue visibility for the year, the analyst tells investors in a research note. New segmentation also suggests that management has high conviction in non-hyperscale growth, the firm added.
Meet Samuel – Your Personal Investing Prophet
Explore NVDS for 2X short leverage on NVDAPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- 3 Vanguard ETFs with 20%+ Upside That Could Crush VOO in 2026
- Nvidia price target raised to $330 from $300 at Wedbush
- Anthropic Eyes First Ever Profitable Quarter as AI Boom Lifts Revenue 130%
- Stellantis entering into new partnerships, expanding existing partnerships
- Why CoreWeave (CRWV), Nebius (NBIS), and Iren Stocks Are Rising Today, 5/21/26