Nvidia stock price target raised to $230 from $210 at Susquehanna

Investing.com - Susquehanna raised its price target on Nvidia (NASDAQ:NVDA) to $230 from $210 while maintaining a Positive rating ahead of the company’s earnings report scheduled for Wednesday, November 19.

The firm cited expectations for better results and guidance as GB300 continues ramping in the second half of the year. Susquehanna noted that AI demand remains strong, supported by increasing hyperscale capital expenditure plans, with the top five hyperscalers now expected to increase capex spend by 69% year-over-year in 2025.

For Nvidia’s data center networking segment, Susquehanna anticipates further growth as the full networking ecosystem around GB300 continues to ramp. The firm’s gaming outlook is positive, with data showing Nvidia gained aftermarket GPU share while GPU retail ASPs rose 8.1% quarter-over-quarter in the second quarter of 2025.

Susquehanna also highlighted Nintendo’s increased guidance for Nintendo Switch 2 units to 19 million from 15 million previously. For Nvidia’s Professional Visualization segment, the firm expects generative AI and Omniverse to continue driving growth.

The price target increase to $230 represents approximately 34 times Susquehanna’s calendar 2026 estimated EV/NOPAT for Nvidia, with the firm stating it still views Nvidia as having "one of the largest opportunity sets ahead."

In other recent news, Cursor has raised $2.3 billion in a funding round, valuing the company at $29.3 billion, which is a significant increase from its January valuation. This funding round was co-led by existing investor Accel and new investor Coatue, with participation from previous backers like Thrive Capital and DST Global. Meanwhile, Microsoft has announced the opening of a new AI "super factory" in Atlanta as part of its strategy to expand its data center footprint over the next two years. This facility will be equipped with Nvidia graphics processing units and high-speed connections to other locations.

Nvidia’s CEO, Jensen Huang, mentioned that the company currently does not plan to ship products to China but expressed hopes of returning to the Chinese market in the future. On a related note, OpenAI’s CEO, Sam Altman, stated that the company does not seek government guarantees for its data centers and anticipates ending 2025 with an annualized revenue run rate surpassing $20 billion. Furthermore, OpenAI’s CFO, Sarah Friar, addressed concerns about an AI bubble, advocating for more enthusiasm regarding the technology’s potential benefits. These developments reflect ongoing growth and strategic moves within the AI sector.

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