Nvidia price target raised to $1,150 from $1,100 at UBS

UBS analyst Timothy Arcuri raised the firm’s price target on Nvidia to $1,150 from $1,100 and keeps a Buy rating on the shares. In the wake of Nvidia’s Blackwell launch, the firm’s supply chain work suggests the mix in CY25 may be much richer than the firm expected, the analyst tells investors in a research note.