Wall Street is abuzz with Nvidia’s (NVDA) recent $100 billion data center deal with OpenAI, aimed at deploying at least 10 gigawatts of Nvidia systems for next-gen AI models. This partnership has led analysts to significantly raise their NVDA price targets. Barclays’ analyst Thomas O’Malley maintained a Buy rating, increasing the target from $170 to $200, suggesting an 8.9% upside, and branded the deal a “compute bonanza.” Evercore ISI’s Mark Lipacis also reiterated a Buy rating with a new target of $225, indicating a potential 22.5% upside. Both analysts emphasize Nvidia’s critical role in AI infrastructure, asserting that Wall Street undervalues the deal’s impact. With Nvidia shares up over 36% this year, the stock retains a Strong Buy consensus on TipRanks, featuring 37 Buys, 2 Holds, and 1 Sell. The average price target stands at $212.27, suggesting further growth potential for investors.
Source link
Share
Read more