NVIDIA has raised its price target for shares to $204.00, marking a significant increase from $169.00 previously. The company’s optimistic outlook is based on its continued dominance in artificial intelligence (AI) and potential launch of a client-side central processing unit (CPU) in 2025.
InvestingPro data indicates NVIDIA maintains a perfect Piotroski Score of 9, signifying exceptional financial strength. Analysts’ price targets range from $130 to $220, with Truist Securities’ optimism driven by the company’s impressive revenue growth and gross profit margins.
Truist Securities forecasts calendar year 2025 as another positive year for NVIDIA, citing industry contacts who affirm the company’s comprehensive technology stack. The analyst highlights the potential expansion into the CPU market, which could tap into an additional $35 billion total addressable market (TAM).
NVIDIA’s strong financial health and innovative approach have led analysts to believe it will continue its growth trajectory. Recent news from Broadcom has also contributed to the AI market’s surge, with industry players like NVIDIA maintaining their leadership.
The Magnificent Seven tech giants are expected to maintain their dominance into 2025, according to Nigel Green. Mizuho suggests Nvidia’s stock is poised for an upward trajectory, leading to new all-time highs in Q1 2025.
Source: https://www.investing.com/news/analyst-ratings/truist-upgrades-nvidia-shares-target-buy-rating-on-ai-and-cpu-prospects-93CH-3774480