Raymond James analyst Srini Pajjuri raised the firm’s price target on Nvidia (NVDA) to $165 from $150 and keeps a Strong Buy rating on the shares. Nvidia’s Q1 results and Q2 outlook were better than the firm’s expectations, considering the larger than expected impact from H20 restrictions, the analyst tells investors in a research note. China is now de-risked and management clarified that more than 99% of data center GPU revenue billed to Singapore was for U.S. customers, putting to rest concerns about additional export controls, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Nvidia Upgraded to Buy by Top Analyst, Says Risks are ‘Priced-In’
- U.S. Senators argue against Nvidia’s plans for facility in China, WSJ says
- Nvidia’s results, guidance ‘as expected,’ says UBS
- Nvidia’s Strong Performance and Promising Outlook Justifies Buy Rating Despite Challenges
- Options Volatility and Implied Earnings Moves Today, May 29, 2025