Analyst Raises NVIDIA Price Target to $300 Ahead of Earnings
DA Davidson analyst Gil Luria increased the price target on NVIDIA shares to $300 from $250 while keeping a Buy rating. The change reflects expectations of continued demand for the company's AI hardware.
finance.yahoo.comGil Luria of DA Davidson raised the price target on NVIDIA to $300 from $250 and maintained a Buy rating ahead of the company's earnings report. Luria cited NVIDIA's central role in AI compute infrastructure as the main driver for expected strong results. He noted that demand across the semiconductor sector is increasingly returning to NVIDIA platforms.
The analyst added that rising competition in AI hardware has not altered his outlook. He stated that NVIDIA's ecosystem remains more flexible and established than alternatives, supporting sustained upside and another strong quarterly performance.
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