Investment bank TD Cowen has lowered its price target for Nvidia (NVDA) stock to $140 from $175, but maintained a Buy rating. The chip maker is expected to benefit from strong technology and a positive long-term outlook.
TD Cowen notes that Nvidia’s top line has been growing rapidly, and the upcoming launch of GB200-based NVL72 racks should give it a boost. The company’s new Blackwell chip has seen strong demand, driving financial results in the coming quarters.
Analysts predict significant earnings growth for Nvidia, with estimates of $4.53 per share this year and $5.72 in 2026. However, TD Cowen is cautious, citing potential returns from AI stocks as a more promising investment opportunity.
Despite this, NVDA remains a top pick within the computing sector, according to TD Cowen.
Source: https://finance.yahoo.com/news/investment-bank-cuts-nvda-price-172421178.html