Truist maintains Buy rating and $205 target on NVIDIA stock

On Tuesday, Truist Securities maintained a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) with a price target of $205.00. The endorsement comes as NVIDIA prepares to host its GTC event in San Jose this week, which includes an analyst day. Analysts at Truist anticipate the event could serve as a positive catalyst for NVIDIA’s stock. According to InvestingPro data, NVIDIA has achieved a perfect Piotroski Score of 9, indicating exceptional financial strength, while 25 analysts have recently revised their earnings estimates upward. The company’s robust financial health is reflected in its impressive revenue of $130.5 billion and return on equity of 119% over the last twelve months.

The focus of the GTC event is expected to be on NVIDIA’s near-term supply and demand, as well as the introduction of new chip and computer architectures. Additionally, the company is set to present emerging artificial intelligence models and applications. Truist Securities highlighted that a key factor for a potential boost in investor confidence would be NVIDIA’s ability to demonstrate medium-term visibility into large customer spending commitments, drawing a parallel to Broadcom (NASDAQ:AVGO)’s recent earnings calls where they successfully conveyed such visibility. InvestingPro analysis shows NVIDIA maintains strong liquidity with a current ratio of 4.44 and operates with moderate debt levels, positioning it well for future growth initiatives.

Truist’s reiteration of the Buy rating on NVIDIA underscores the firm’s positive outlook on the company’s prospects. The analyst noted that there was no change to their earnings estimates, price target, or the Buy rating, suggesting a steady confidence in NVIDIA’s market position and future performance.

Investors are watching closely for updates from NVIDIA’s GTC event, as any significant announcements regarding customer engagements or product innovations could influence the company’s stock trajectory. NVIDIA’s ability to provide transparency on its business outlook is particularly significant in the context of the tech industry’s ongoing adjustments to supply chain challenges and evolving market demands.

As the market anticipates the outcomes of NVIDIA’s GTC event, Truist Securities’ reaffirmation of their Buy rating and price target suggests a belief in the company’s continued growth and innovation in the semiconductor industry. Based on InvestingPro’s comprehensive analysis, which includes over 30 additional key metrics and insights available to subscribers, NVIDIA’s analyst consensus recommendation stands at 1.34 (Strong Buy), with price targets ranging from $130 to $220. Get access to NVIDIA’s detailed Pro Research Report, along with 1,400+ other top stocks, for deeper insights into what drives this semiconductor giant’s success.

In other recent news, NVIDIA’s financial outlook has seen updates with UBS maintaining a Buy rating on the company, setting a price target of $185. UBS has adjusted its revenue estimates for NVIDIA’s first fiscal quarter to approximately $46 billion, with earnings per share projected at $5.27 for 2025 and $6.22 for 2026. Meanwhile, Mizuho (NYSE:MFG) Securities has revised its price target for NVIDIA to $168, citing concerns over AI growth rates, although it maintains an Outperform rating on the company. The firm noted NVIDIA’s strong market position and continued leadership in AI and computing sectors.

Additionally, NVIDIA has announced a collaboration with Microsoft (NASDAQ:MSFT) to enhance the DirectX platform by integrating neural shading support, which aims to improve gaming experiences through AI Tensor Cores in NVIDIA GeForce RTX GPUs. The upcoming Nvidia GTC 2025 conference is expected to highlight advancements in AI servers, with the B300 AI chip anticipated to be a central focus due to its significant performance improvements. Furthermore, NVIDIA is set to unveil new data center networking solutions and reference designs for enhanced computing power.

NVIDIA’s recent developments also include the expansion of its RTX Kit to support Unreal Engine 5, enhancing game development capabilities. The release of NVIDIA RTX Remix, an open-source platform for remastering classic games, and the rapid adoption of DLSS 4 technology, which boosts performance on GeForce RTX 50 Series graphics cards, are notable advancements in the company’s technology offerings. These strategic moves underscore NVIDIA’s ongoing commitment to innovation in graphics and AI technology.

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