Mark Lipacis, an analyst from Evercore ISI, maintained the Buy rating on Nvidia. The associated price target remains the same with $214.00.
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Mark Lipacis has given his Buy rating due to a combination of factors that highlight Nvidia’s strategic positioning and growth potential. The company’s recent deal with OpenAI underscores its role as a key player in the AI ecosystem, with Nvidia being the preferred supplier due to its ability to meet the underestimated demand for AI solutions. This partnership involves a significant infrastructure commitment of at least 10GW, which could potentially increase Nvidia’s total addressable market beyond historical levels.
Furthermore, the deal is expected to contribute an additional $5.5 billion in revenue for the second half of 2026, prompting an increase in revenue and EPS estimates by 2%. Despite these conservative estimates, Lipacis sees potential for even greater financial performance. Additionally, Nvidia’s stock is trading at a valuation below its nine-year median, presenting a compelling risk/reward scenario. The company’s CUDA software stack and NVLink connectivity solution are also expected to solidify its leadership in the AI space, making Nvidia a top pick in the sector.
Lipacis covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Intel. According to TipRanks, Lipacis has an average return of 26.5% and a 66.25% success rate on recommended stocks.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $225.00 price target.