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Investing.com - TD Cowen has reiterated its Buy rating and $235.00 price target on Nvidia (NASDAQ:NVDA), citing the company’s continued leadership in artificial intelligence and strong demand for AI computing capabilities. This aligns with the broader analyst consensus, as InvestingPro data shows Nvidia has a strong 1.33 consensus recommendation, with 16 analysts recently revising earnings estimates upward.
The research firm highlighted Nvidia’s recent earnings beat and raised guidance as evidence of the company’s strong market position, noting that these results "cleared the bogey" despite some market concerns about AI investment sustainability. The company’s impressive 71.55% revenue growth over the last twelve months underscores this strength, with Nvidia now commanding a market capitalization of approximately $4.53 trillion.
TD Cowen pointed to Nvidia’s reiterated $500 billion revenue visibility by the end of calendar year 2026, with the company hinting at potential upside beyond this figure, providing a strong counter to "AI Bubble" narratives circulating in the market.
The firm made slight downward adjustments to its fiscal 2026 estimates for Nvidia, while raising projections for fiscal 2027 and 2028 based on expectations of continued momentum in the AI sector.
TD Cowen’s $235 price target represents approximately 26 times the firm’s new fiscal 2028 earnings per share estimate, with the analyst maintaining Nvidia as a "Top Pick" in its coverage universe.
In other recent news, Nvidia has caught the attention of several financial firms following its latest earnings report. Piper Sandler reiterated its Overweight rating on Nvidia, citing strong visibility and exceeding revenue expectations by approximately $2 billion in the recent quarter. The company also provided forward guidance that was nearly $3 billion above consensus estimates, despite expecting no data center revenue from China in the fourth quarter. Barclays raised its price target for Nvidia to $275, attributing the increase to strong AI demand and clarifying that Nvidia’s $500 billion guidance includes significant networking revenue for upcoming years. Deutsche Bank increased its price target for Nvidia to $215 from $180, describing the company’s performance as an "impressive beat/raise" driven by Data Center growth. Cantor Fitzgerald also reiterated an Overweight rating with a $300 price target, noting Nvidia’s January quarter revenue guidance of approximately $65 billion, which slightly surpasses market expectations. In a separate development, Authid Inc announced its participation in the NVIDIA Connect Program, a milestone aimed at enhancing its AI security architecture through access to NVIDIA’s AI and machine learning frameworks. These developments mark significant advancements for both Nvidia and Authid in their respective fields.
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