Nvidia price target raised to $310 from $300 at KeyBanc

KeyBanc raised the firm’s price target on Nvidia (NVDA) to $310 from $300 and keeps an Overweight rating on the shares. The firm notes the company reported strong Q1 results and provided Q2 guidance, which solidly exceeded. Key takeaways include growth in DC accelerated growing over 90% year-over-year in Q1 vs. 75% year-over-year in Q4; despite U.S. approval of China H200, Nvidia has yet to ship given uncertainty regarding whether China will allow imports; Vera Rubin remains on track for the second half of 2026 ramp beginning in Q3; sees $20B in Grace/Vera CPUs revenues this fiscal year; reporting segments are now Data Center and Edge Computing. KeyBanc is encouraged by these results.

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