NVIDIA stock price target lifted, outperform on AI demand By Investing.com
On Thursday, Oppenheimer maintained its positive outlook on NVIDIA (NASDAQ:) shares, raising the stock’s price target from $150.00 to $175.00 and keeping an Outperform rating.
The firm’s optimism is driven by the anticipation of strong third-quarter results for October and a solid outlook for the fourth quarter in January, due to the continued demand for Artificial Intelligence (AI) accelerators from Cloud Service Providers (CSPs) and enterprises.
The analyst at Oppenheimer highlighted that NVIDIA’s Hopper architecture is leading the near-term growth, while the upcoming Blackwell platform is expected to begin its ramp in the fourth quarter.
Despite supply constraints due to CoWoS-L capacity, Blackwell is projected to contribute low to…
