Hong Bingzhen
- NVIDIA (NASDAQ:NVDA) drew attention on Monday after investment firms UBS and Wolfe Research raised their target prices, noting that recent research shows demand for the company’s upcoming Blackwell product line is “extremely strong.”
- share 2% increase End of trading.
- based on UBS analyst Timothy Arcuri said recent research from Blackwell suggests that the order pipeline for NVL72 and NVL36 is “significantly larger” than it was just two months ago as the big hyperscalers’ budgets solidify, and that Nvidia could earn about $5 per share in 2025. Arcuri raised his price target to $150 from $120 as a result.
- Moreover, investors could benefit from a “wall of anxiety” that has emerged in recent weeks, Arcuri said, noting that sentiment is fading in recent memory. (Nvidia received a rare downgrade from New Street Research last week.)
- Wolf analyst Chris Caso also raised his price target to $150, noting that recent research indicates Nvidia’s GPU content is expected to grow by more than 50% in 2025, with incremental upside driven by higher unit counts and improved network connectivity rates.
- “We currently maintain conservative AI server unit assumptions in our model as we believe it is too early to know where ’25 GPU units will ultimately land, but we believe unit count growth could provide a source of further upside to our newly revised numbers,” Caso wrote in a client note.
This story has been updated to include information from Wolfe Research.
