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Investing.com - Oppenheimer raised its price target on Nvidia (NASDAQ:NVDA) to $200.00 from $175.00 on Tuesday, while maintaining an Outperform rating on the stock. The company’s stock is currently trading near its 52-week high of $167.89, with InvestingPro data showing an impressive 86% revenue growth in the last twelve months.
The research firm cited several structural tailwinds that it believes will drive sustained outsized top-line growth for the chip maker, including generative AI, data center/AI accelerators, and autonomous vehicles.
Oppenheimer’s new price target is based on a 35x price-to-earnings multiple of its calendar year 2026 earnings per share estimate of $5.77 for Nvidia.
The firm stated that these growth factors justify Nvidia’s current valuation in the market.
Nvidia has established itself as a leading provider of graphics processing units (GPUs) that power AI applications across various industries, from cloud computing to automotive technology. With a market capitalization of $4 trillion and an "EXCELLENT" financial health score according to InvestingPro, the company maintains strong profitability with a 70% gross margin.
In other recent news, Gorilla Technology Group Inc. reported an active global pipeline valued at approximately $5.6 billion, spanning 87 opportunities. The company aims to secure $1.3 billion in contracts by mid-2026 and has become an official NVIDIA solutions provider. Meanwhile, Vertiv Holdings (NYSE:VRT) Co. continues to hold an Outperform rating from Evercore ISI, which noted Vertiv’s role in providing components for Amazon (NASDAQ:AMZN) Web Services’ new liquid cooling solution. In the tech sector, Chinese firms ByteDance and Tencent (HK:0700) are seeking approval to purchase Nvidia’s H20 chips amid U.S. restrictions, highlighting ongoing tensions in technology transfers between the U.S. and China. Huawei Technologies is exploring the export of its AI chips to the Middle East and Southeast Asia, targeting markets where Nvidia is dominant. No agreements have been finalized yet, but Huawei is offering its older-generation chips to countries like the UAE and Thailand. Additionally, former President Donald Trump has called for the Federal Reserve to lower interest rates, citing record highs in technology stocks, including NVIDIA.
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