Sell-side on Nvidia (NVDA): PT raises across the board as NVDA beats & raises again
Newsquawk Staff ·
Sell-side Commentary
- Bernstein raises PT to USD 300 (prev. 275) and keeps an ‘Outperform’ rating; notes Cos. results solidly beat. Data centre was well above exp. on continued Blackwell momentum with strength in both compute and networking.
- BofA raises PT to USD 300 (prev. 275) and keeps a ‘Buy’ rating; said Co. "more than delivered" w/ topline growth seen accelerating to 77% Y/Y in next quarter from 73%, 63% and 56% growth rates seen in the last three quarters. Adds supply commitments are over 3x Y/Y to USD 95bln. BofA adds that Nvidia "may well be the most dependable supplier that can serve the AI market" and the desk believes Nvidia's demand for the AI market double towards USD 1.4tln in the next few years.
- Citi raises PT to USD 300 (prev. 270) and keeps a ‘Buy’ rating; stock is mostly flat post earnings despite NVDA guiding to a USD 5bln beat for the April quarter and reaching USD 78bln in sales on exponential agentic AI demand. Citi thinks Nvidia's GTC in mid-March will be positive for the shares. Adds, visibility into Cos. 2027 sales could be another share catalyst.
- Rosenblatt raises PT to USD 300 (prev. 245) and keeps a ‘Buy’ rating; said Nvidia "overcame many concerns," including graphics processing unit capacity, tensor processing unit competition, memory supply and customer financing. Rosenblatt sees Co. continuing to lead the AI market development.
- Wedbush raises PT to USD 300 (prev. 230) and keeps an ‘Outperform’ rating; noted that while the Q4 acceleration in data carter sales was impressive given the law of large numbers, it would call out Q1 sales guidance in particular as being the highlight of the call, given Wedbush believes this outlook was well in excess of prior buy-side expectations.
- JPMorgan raises PT to USD 260 (prev. 250) and keeps an ‘Overweight’ rating; increased Nvidia's forward estimates on its better-than-expected revenues and thinks concerns over Cos. 2027 growth outlook as likely overblown.
- Morgan Stanley raises PT to USD 260 (prev. 250) and keeps an ‘Overweight’ rating; With NVDA reporting revs. USD 3bln above guidance for the second consecutive quarter and guided USD 5bln above for next quarter, as well as guided for growth each quarter this year, tells investors of "another very strong" quarter.
- Goldman Sachs maintains PT of USD 250 and keeps a ‘Buy’ rating; expects NVDA to trade higher following a stronger quarter and guidance, and against relatively bullish expectations heading into the quarter. GS adds while investor expectations were somewhat elevated heading into the quarter, given recent upward CapEx revisions from hyperscalers, it believes Q1 guidance was above investor expectations, based on conversations.
- RBC Capital raises PT to USD 250 (prev. 240) and keeps an ‘Outperform rating’; Cos. results and outlook handily beat exp. while its visibility is now extending into 2027. Nvidia's Rubin ramps are on track, and gross margins are holding up despite inflated Memory prices.
- UBS maintains PT of USD 245 and keeps a ‘Buy’ rating; said accelerating Y/Y growth in H2 could be the catalyst the stock needs. Added revenue guidance of USD 78bln was above nearly every investor bogey UBS heard pre-call and demand commentary was as bullish as it has probably ever heard from the company with backlog now building into C2027.
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