Raymond James analyst Srini Pajjuri has maintained their bullish stance on NVDA stock, giving a Buy rating today.
Srini Pajjuri’s rating is based on Nvidia’s robust performance and strong demand for its products, such as the Hopper and Blackwell GPUs. Despite some supply constraints, particularly with NVLink, the demand for these products remains high, and supply chain expectations suggest continued growth in 2025. Furthermore, Nvidia’s financial projections are optimistic, with expectations of revenue growth in upcoming quarters and strong performance in sectors like hyperscale and networking.
Additionally, Nvidia’s strategic partnerships and potential software revenue streams from agreements with companies like Mercedes and JLR further bolster its growth prospects. While there are some concerns about supply issues and competition, Pajjuri views any potential pullback in stock price as an opportunity, indicating confidence in Nvidia’s long-term trajectory and market position.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $152.00 price target.
Based on the recent corporate insider activity of 132 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NVDA in relation to earlier this year.