Benchmark Co. analyst Cody Acree has reiterated their bullish stance on NVDA stock, giving a Buy rating today.
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Cody Acree has given his Buy rating due to a combination of factors that highlight Nvidia’s strong performance and potential for growth. Despite recent challenges, such as increased export restrictions to China, Nvidia has demonstrated resilience by posting impressive revenue figures that exceeded both its guidance and market expectations. The company’s ability to maintain growth in the AI industry infrastructure investments and successful product launches have alleviated investor concerns about its exposure to China.
Furthermore, Acree points out that Nvidia’s forward earnings growth rate is expected to be substantial, with a projected 43% and 34% increase in FY26 and FY27, respectively. This growth supports a valuation that justifies a Buy rating, as Nvidia’s stock is seen as undervalued relative to its earnings potential. The company’s strategic moves to address the Chinese market and its strong execution of business strategies provide a solid foundation for future growth, reinforcing Acree’s confidence in maintaining a Buy rating with a price target of $190.
In another report released today, Stifel Nicolaus also reiterated a Buy rating on the stock with a $180.00 price target.