Nvidia price target raised to $300 from $240 at Cantor Fitzgerald

Cantor Fitzgerald analyst C.J. Muse raised the firm’s price target on Nvidia (NVDA) to $300 from $240 and keeps an Overweight rating on the shares after hosting meetings with management. The multi-trillion artificial intelligence infrastructure buildout remains in the early inning with just the hyperscalers “providing significant line-of-sight into hundreds of billions of demand for the next handful of years,” the analyst tells investors in a research note. The firm this exclude other drivers such as neo-clouds, enterprise, and physical AI. “This is not a bubble,” proclaims Cantor, which thinks the investment cycle benefitting Nvidia is in the early stages. The firm says its confidence in both the growth in AI infrastructure and Nvidia’s share into the 2030 has “increased considerably” post the meetings. Cantor continues to see $8 in earnings per share for Nvidia as “very doable” into 2026, followed by $11 in 2027, well above the consensus of $7.36. The stock remains the firm’s top pick.