In a report released today, Joseph Moore from Morgan Stanley maintained a Buy rating on Nvidia (NVDA – Research Report), with a price target of $162.00.
Joseph Moore has given his Buy rating due to a combination of factors that highlight Nvidia’s strong position in the AI and cloud computing markets. The company’s recent keynote at the Graphics Technology Conference emphasized a robust roadmap extending through 2027, showcasing Nvidia’s commitment to maintaining product leadership in AI scaling requirements.
Moore notes the impressive demand for Nvidia’s Blackwell GPUs from the top four cloud service providers, with expectations of more than doubling year-over-year by 2025. This demand is projected to drive significant revenue growth, with estimates suggesting a rise from $29 billion to $63 billion by 2025. Such growth underscores Nvidia’s ability to outpace competitors and meet the increasing computational needs of AI advancements, making it a compelling investment opportunity.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $185.00 price target.
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