Oppenheimer analyst Rick Schafer raised the firm’s price target on Nvidia (NVDA) to $175 from $150 and keeps an Outperform rating on the shares ahead of quarterly results. The firm sees upside to Q3 results and Q4 outlook led by sustained CSP/enterprise demand for AI accelerators. Further, Oppenheimer sees meaningful acceleration in Blackwell Q1. Conversations with investors suggest buyside modeling 5-6M GPUs next year. The firm believes Nvidia is best positioned in AI, benefiting from full-stack AI hardware/software.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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:
- Samsung completing HBM4 development to secure Nvidia orders, DigiTimes says
- HSBC ups Nvidia target to $200 with AI growth ‘back on track’
- Apple, Nvidia suppliers ready to boost U.S. investments, Nikkei reports
- SoftBank planning supercomputer with Nvidia’s Blackwell chips, Bloomberg reports
- Nvidia price target raised to $200 from $145 at HSBC