On Monday, DA Davidson maintained a Neutral rating on NVIDIA Corporation (NASDAQ: NVDA) with a price target of $900.
To be sure, the investment firm has not adjusted the target post the stock split. The commentary from the firm focused on the recent delay in the delivery of NVIDIA's Blackwell processors.
The firm, however, anticipates that the delays will be temporary and unlikely to significantly affect the company's performance.
The analyst from DA Davidson noted that despite the hiccup with Blackwell, expectations for NVIDIA's record results remain intact for the rest of the year. This outlook is based on substantial order increases from the company's mega cap customers.
However, there is a more cautious stance for the following years, particularly Calendar Year 2026, where current consensus forecasts seem to assume that NVIDIA's major customers will continuously eschew margin growth.
The delay in Blackwell shipments is seen as a potential short-term issue that warrants close observation. DA Davidson emphasizes the importance of distinguishing between a temporary setback and a more substantial shift in the market cycle.
The Blackwell processor is among the anticipated next-generation offerings from NVIDIA, and its timely delivery is significant for maintaining the company's competitive edge.
InvestingPro Insights
NVIDIA Corporation (NASDAQ: NVDA) continues to draw attention from investors and analysts alike. With the recent delay in the delivery of its Blackwell processors, there are various factors to consider when evaluating the stock's potential. An InvestingPro Tip highlights that NVIDIA has a perfect Piotroski Score of 9, indicating strong financial health. This could reassure investors about the company's ability to navigate short-term challenges like the Blackwell delay.
Moreover, the company's significant revenue growth over the last twelve months (as of Q1 2025) stands at an impressive 208.27%, according to InvestingPro Data. This robust growth trajectory supports the DA Davidson's outlook for record results in the near term. Another key metric is NVIDIA's Price / Book ratio, which at 53.64, suggests that the stock is trading at a premium, reflecting high expectations from the market.
InvestingPro Tips further reveal that analysts anticipate sales growth in the current year, aligning with DA Davidson's expectations for NVIDIA's performance despite the Blackwell hiccup. For those interested in a deeper dive, there are 21 additional InvestingPro Tips available, which provide a comprehensive analysis of NVIDIA's financial health and market position.
Additionally, the company's stock price movements have been quite volatile, as noted in an InvestingPro Tip. This could be a point of consideration for investors who are weighing the potential risks and rewards associated with NVIDIA's stock in light of the recent product delay and broader market conditions.
Overall, NVIDIA's financial strength, as evidenced by its Piotroski Score and revenue growth, paired with analysts' positive sales growth projections, may offer some assurance to investors concerned about the impact of the Blackwell processor delay.
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