James Schneider, an analyst from Goldman Sachs, reiterated the Buy rating on Nvidia. The associated price target remains the same with $210.00.
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James Schneider has given his Buy rating due to a combination of factors, primarily driven by Nvidia’s impressive revenue projections and strategic partnerships. The company’s management has projected a significant $500 billion in cumulative Datacenter revenue for the years 2025-26, which surpasses both Goldman Sachs’ and the Street’s current estimates by 10% and 12%, respectively. This enhanced revenue visibility is seen as a positive indicator for Nvidia’s stock performance, reinforcing the Buy recommendation.
Additionally, Nvidia’s strategic initiatives, such as a $1 billion equity investment in Nokia to advance AI-native mobile networks, and the announcement of seven supercomputers in collaboration with the U.S. Department of Energy, further bolster the company’s growth prospects. The introduction of NVQLink, a high-speed interconnect for quantum computing, and a partnership with Uber to scale their operations, are also pivotal factors that contribute to the optimistic outlook for Nvidia’s future growth and stock valuation.
In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $210.00 price target.
Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NVDA in relation to earlier this year.