New Street raised the firm’s price target on Nvidia (NVDA) to $307 from $235 and keeps a Buy rating on the shares. The company announced this week visibility on over $500B of Blackwell and Rubin revenues across 2025 and 2026, later clarifying that this includes attached networking revenues, the analyst tells investors in a research note. The firm says this implies a nearly doubling of Nvidia’s data center revenue in 2026, with sales and earnings per share 30% above current Street expectations. New Street now believes Nvidia’s 2026 will exceed its base case for artificial intelligence deployments. It thinks nearly $10 in earnings per share next year is possible.
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