Nvidia (NVDA – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Blayne Curtis from Jefferies maintained a Buy rating on the stock and has a $185.00 price target.
Blayne Curtis has given his Buy rating due to a combination of factors that highlight Nvidia’s strong position in the market. The company’s continuous innovation across its hardware and software offerings, particularly in the AI sector, reinforces its leadership and competitive edge over peers. The updated roadmap, while showing some incremental updates in the short term, promises significant advancements with the Rubin Ultra in 2027, which is expected to deliver substantial improvements in chip density and performance.
Furthermore, Nvidia’s strategic focus on the CUDA ecosystem and its broad capabilities are pivotal in maintaining its market moat. Although there were limited details on certain aspects like NVLink 6 architecture, the anticipated enhancements in bandwidth and the introduction of next-generation GPUs paired with advanced CPUs and switches indicate a robust future outlook. These elements combined suggest a strong growth trajectory for Nvidia, justifying the Buy rating.
In another report released today, Benchmark Co. also maintained a Buy rating on the stock with a $190.00 price target.
NVDA’s price has also changed slightly for the past six months – from $113.370 to $115.430, which is a 1.82% increase.
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