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On Thursday, Truist Securities expressed continued confidence in NVIDIA Corporation (NASDAQ:NVDA), maintaining a Buy rating and a price target of $205.00. The optimism follows NVIDIA’s GTC 2025 event, where the company presented a positive outlook for its future growth. This aligns with the broader Wall Street sentiment, as InvestingPro data shows an extremely bullish analyst consensus of 1.34 (on a scale of 1-5, where 1 is Strong Buy), with price targets ranging from $125 to $220. While NVIDIA did not provide specific financial forecasts regarding customer spending commitments, Truist Securities analyst William Stein found the details shared at the event sufficient to support a bullish stance on the stock.
Stein noted that despite the absence of quantified customer build plans, similar to those recently disclosed by Broadcom (NASDAQ:AVGO), the information provided by NVIDIA at GTC 2025 was convincing enough to maintain a positive outlook. The analyst’s confidence appears well-founded, given NVIDIA’s exceptional financial performance, including 114.2% revenue growth and a perfect Piotroski Score of 9, according to InvestingPro data. The analyst highlighted three key reasons for this perspective: emerging models requiring significantly more computing power, NVIDIA’s robust product roadmap designed to meet these increasing demands, and the acceleration of customer orders indicating a strong spending trend.
The analyst’s reiteration of the Buy rating is based on the belief that NVIDIA’s strategic positioning and technological advancements will drive growth in the coming years. Stein emphasized the relevance of NVIDIA’s offerings in a market where greater computational needs are emerging, and the company’s ability to cater to these needs with its product lineup.
Truist Securities’ decision to uphold the $205.00 price target comes with no changes to their financial estimates for NVIDIA. The firm’s stance remains unchanged following the GTC 2025 event, suggesting confidence in NVIDIA’s trajectory and potential for increased valuation.
NVIDIA’s stock performance will continue to be watched closely by investors as the company navigates the evolving demands for computing power in various applications, from gaming to artificial intelligence and beyond. Truist Securities’ reaffirmation of their rating and price target provides a positive signal to the market regarding NVIDIA’s prospects.
In other recent news, NVIDIA’s financial analyst event revealed significant insights into the company’s strategic direction and market opportunities. JPMorgan analyst Harlan Sur maintained an Overweight rating with a $170 price target, emphasizing NVIDIA’s robust ecosystem and growth potential in AI factory spending. The company anticipates maintaining a similar architecture for the next 3-4 years, which is expected to improve gross margins. Meanwhile, TD Cowen also reaffirmed a Buy rating with a $175 target, underscoring NVIDIA’s dominance in the AI sector and its leadership in accelerated computing.
NVIDIA’s annual GTC AI Conference highlighted the company’s extended roadmap and the substantial computational power required for advanced AI models. In other developments, NVIDIA’s CEO, Jensen Huang, clarified that the company is not involved in any potential purchase of Intel (NASDAQ:INTC) shares, dispelling recent speculation. Additionally, CoreWeave, an AI startup supported by NVIDIA, is preparing for an IPO, with shares expected to be priced between $47 and $55. Lastly, Stereotaxis (NYSE:STXS) joined the NVIDIA Connect program, aiming to enhance its robotic magnetic navigation platform through integration with NVIDIA’s technology.
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