Analyst James Schneider of Goldman Sachs maintained a Buy rating on Nvidia, boosting the price target to $210.00.
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James Schneider has given his Buy rating due to a combination of factors related to Nvidia’s strategic investments and partnerships. Nvidia’s recent collaborations with companies like OpenAI have generated discussions about the potential for these investments to create “circular” revenue streams, where Nvidia’s equity investments could be reinvested by partners back into Nvidia’s products, particularly GPUs.
Schneider believes that while there is a risk of revenue dilution from these strategic investments, they are ultimately beneficial as they strengthen Nvidia’s market position. These investments support the CUDA software ecosystem and signal Nvidia’s confidence in the market’s growth potential. Furthermore, Schneider anticipates significant growth for Nvidia by 2026, with a strong performance from core customers and additional opportunities from new customer segments, justifying the Buy rating.
In another report released on October 3, Cantor Fitzgerald also maintained a Buy rating on the stock with a $240.00 price target.