Semiconductor giant Nvidia (NVDA) remains a “Sector Top Pick” for Bank of America (BofA) in 2025, even after the stock’s more than 180% rally last year. Ahead of the Consumer Electronics Show (CES) that starts on January 6, with a keynote from Nvidia CEO, among other events, BofA analyst Vivek Arya reiterated a Buy rating on NVDA stock with a price target of $190. Arya’s price target indicates an upside potential of more than 37% from the current levels.
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NVDA stock’s impressive run in 2024 was backed by robust demand for the company’s advanced GPUs (graphics processing units) that are required to power AI (artificial intelligence) applications.
Here’s Why BofA is Bullish on Nvidia Stock
Arya sees the CES tradeshow as a positive catalyst for NVDA stock and believes that the event would reinforce the company’s dominance as well as opportunity in high-growth markets.
Specifically, the 5-star analyst awaits updates on the company’s robotics strategy and the Jetson Thor platform for humanoid robots as well as the launch of RTX 50xx (the PC gaming variants of NVDA’s Blackwell GPUs).
Arya also expects updates on the data center products lineup, the launch of upgraded variants in the second half, and Nvidia’s potential foray into the AI PC space through a partnership or via a standalone PC CPU.
It is worth noting that Arya is a 5-star analyst, ranked 150 out of 9,261 analysts tracked by TipRanks. He has a success rate of 58%, with an average return per rating of 17.6% over a one-year period.
Is NVDA a Buy, Sell, or Hold?
Most of the Wall Street analysts are bullish on Nvidia stock, with a Strong Buy consensus rating based on 37 Buys and three Holds. The average NVDA stock price target of $177.08 implies 28% upside potential from current levels.
