Nvidia stock price target raised to $215 from $200 at Rosenblatt

Investing.com - Rosenblatt raised its price target on Nvidia (NASDAQ:NVDA) to $215 from $200 while maintaining a Buy rating following the company’s strong quarterly performance. The semiconductor giant, now valued at $4.43 trillion, has demonstrated remarkable growth with revenue surging 86% year-over-year. According to InvestingPro analysis, the stock is currently trading near its Fair Value, with 20+ exclusive ProTips available for subscribers.

The firm noted that Nvidia’s Grace Blackwell-based racks are now ramping to 1,000 units per week, including a transition to Blackwell Ultra (GB300), with unit shipments expected to accelerate as additional capacity comes online.

Nvidia’s networking revenue increased 46% quarter-over-quarter and 98% year-over-year to $7.3 billion, which Rosenblatt identified as a key component for connecting GPU-to-GPU, rack-to-rack, and data center-to-data center operations.

Looking ahead to fiscal year 2027, Rosenblatt reported that Nvidia’s annual product cadence remains on track, with Rubin platforms expected to ramp into production during that period.

The firm also highlighted potential upside not included in management’s guidance, noting that third-quarter fiscal 2026 revenue from China could represent $2 billion to $5 billion if U.S. government and China trade negotiations are resolved.

In other recent news, Nvidia reported fiscal second-quarter results that exceeded expectations, with third-quarter revenue guidance aligning with analyst forecasts. Notably, this guidance excludes any revenue from H20 chips in China due to ongoing geopolitical challenges. Wolfe Research raised its price target for Nvidia to $230, citing the company’s slightly better-than-expected quarterly results. Similarly, BofA Securities increased its price target to $235, highlighting Nvidia’s leading position in the AI infrastructure market and impressive free cash flow margins. Needham and Goldman Sachs both maintained their Buy ratings on Nvidia, with price targets set at $200. William Blair also reiterated an Outperform rating, noting the company’s modest beat-and-raise quarter. These developments reflect Nvidia’s strong market position despite uncertainties surrounding China export licenses.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.