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On Thursday, Rosenblatt Securities analyst Hans Mosesmann updated NVIDIA Corporation’s (NASDAQ:NVDA) price target, raising it to $200 from the previous $178, while reiterating a Buy rating on the stock. Currently trading at $134.81 with a market capitalization of $3.29 trillion, NVIDIA maintains an "EXCELLENT" financial health rating according to InvestingPro analysis. The adjustment comes in the wake of NVIDIA’s recent quarterly earnings, which Mosesmann described as a "classic ’better than feared’" outcome despite concerns over U.S. restrictions on H20 GPU shipments to China.
NVIDIA’s performance was bolstered by strong demand for Blackwell GPUs, which helped mitigate the anticipated negative impact. The company’s impressive 114.2% revenue growth over the last twelve months reflects this strong market position. Mosesmann noted that the situation in China now appears less risky, with the potential for additional upside from a possible downgraded version of the Blackwell GPU, though NVIDIA’s management has not committed to such a product.
According to Mosesmann, NVIDIA’s management has emphasized the significance of AI Factories as a transformative development for global infrastructure, likening it to the advent of electric power grids or the internet. He pointed out that since the GPU Technology Conference (GTC) in March 2025, NVIDIA has encountered four positive developments that have boosted demand: a substantial increase in Reasoning AI demand, the rescission of the AI Diffusion rule, advancements in Enterprise AI, and the integration of AI in new on-shoring manufacturing processes.
Mosesmann also highlighted NVIDIA’s ongoing innovation in the AI space, with the upcoming Blackwell Ultra GPU currently in qualification. This new product is expected to serve as a seamless upgrade from Blackwell, enabling a swift production ramp-up.
The revised price target of $200 is based on a projected ~35x P/E multiple applied to Rosenblatt’s FY27 EPS estimate for NVIDIA. Currently, NVIDIA trades at a P/E ratio of 46.09, reflecting premium market positioning. Mosesmann’s commentary underscores NVIDIA’s strong position in the AI market and its commitment to driving forward technological advancements. InvestingPro analysis reveals 18 additional key insights about NVIDIA’s valuation and growth prospects, including its perfect Piotroski Score of 9, suggesting strong operational efficiency. For deeper analysis, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Nvidia has faced scrutiny from U.S. lawmakers over its proposed facility in Shanghai, with concerns about potential national and economic security risks. The company has yet to respond to the lawmakers’ request for more details about the facility. Meanwhile, Nvidia’s first-quarter results for fiscal year 2026 were strong, though there were challenges with H20 export controls affecting second-quarter forecasts. Needham maintained its Buy rating on Nvidia with a $160 price target, citing strong performance and notable progress with its Blackwell products. BofA Securities also reiterated a Buy rating, raising its price target to $180, pointing to Nvidia’s confidence in gross margin recovery and significant revenue from hyperscalers. DA Davidson increased its price target to $135, maintaining a Neutral rating, and highlighted the importance of Nvidia’s Chinese sales. Wells Fargo (NYSE:WFC) kept an Overweight rating with a $185 target, noting Nvidia’s optimistic revenue and EPS projections for upcoming quarters. These developments underscore Nvidia’s ongoing challenges and opportunities in the global market.
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