Analyst Harlan Sur from J.P. Morgan reiterated a Buy rating on Nvidia (NVDA – Research Report) and keeping the price target at $170.00.
Harlan Sur has given his Buy rating due to a combination of factors that highlight Nvidia’s strong position in the market. The company is on track to release its next-generation chipset, the Blackwell Ultra, which promises a significant 50% improvement in compute performance. This advancement is expected to cater to the increasing demand for higher compute intensity driven by AI model innovations, such as DeepSeek, which require substantially more computational power.
Moreover, Nvidia’s aggressive product roadmap and strategic expansion into new markets, including humanoid robots, position it favorably against competitors. The company is leveraging its comprehensive development platform, encompassing leading silicon and a robust ecosystem, to capitalize on major trends in AI, high-performance computing, and autonomous vehicles. These factors, combined with strong revenue growth projections and a solid performance in key segments like data centers and gaming, underpin Sur’s optimistic outlook on Nvidia’s stock.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $185.00 price target.