Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
Investing.com - Jefferies raised its price target on Nvidia (NASDAQ:NVDA) to $240.00 from $220.00 on Tuesday, while maintaining a Buy rating on the semiconductor giant. Currently trading at $206.88, Nvidia is slightly undervalued according to InvestingPro Fair Value estimates, with the stock sitting just 0.97% below its 52-week high of $212.19.
The price target increase follows Nvidia’s recent statements at GTC DC, where the company indicated it has visibility to fulfill $500 billion in orders during 2025 and 2026 between its Blackwell and Rubin product families.
Jefferies’ bottom-up analysis suggests $464 billion in revenue for calendar years 2025 and 2026 for those two product lines, implying potential additional upside of $36 billion if Nvidia meets its estimates. This aligns with InvestingPro data showing Nvidia’s impressive 71.55% revenue growth over the last twelve months and a five-year revenue CAGR of 64%.
Based on Nvidia’s guidance, Jefferies increased its revenue estimates to $293 billion and $384 billion for calendar years 2026 and 2027, up from previous projections of $283 billion and $334 billion, respectively.
The firm also raised its earnings per share estimate to $9.00 for calendar year 2027, with its detailed analysis suggesting potential for over $10 in EPS that year, while noting it removed China from its estimates and added CPX in its updated projections. With Nvidia’s current P/E ratio of 59.19 and favorable PEG ratio of 0.88, investors should note that the company reports earnings in just 15 days. Discover more insights and 19 additional ProTips in Nvidia’s comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Digital Realty Trust Inc announced an expanded collaboration with NVIDIA, focusing on advancing AI infrastructure at its Northern Virginia campus. This partnership includes hosting NVIDIA’s new AI Factory Research Center and implementing advanced technologies for energy efficiency. Meanwhile, Amazon.com secured a $38 billion cloud computing deal with OpenAI, leading Mizuho to reiterate an Outperform rating on the stock with a $300 price target. The agreement will provide OpenAI with substantial cloud resources, including Nvidia GPUs, with full deployment expected by 2026.
Microsoft has also made strides in AI technology, receiving U.S. approval to export Nvidia AI chips to the United Arab Emirates, a move that supports its Middle East expansion plans. In South Korea, Hyundai Motor Group and Nvidia are collaborating on a $3 billion national AI cluster initiative, which includes establishing multiple AI and data centers. Additionally, Nvidia plans to invest up to $1 billion in AI startup Poolside, aiming to significantly boost the startup’s valuation. These developments highlight the growing focus on AI infrastructure and partnerships in the tech industry.
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