NVIDIA Corp
- Rosenblatt analyst Kevin Cassidy maintained a Buy rating on Nvidia and raised the price target from $245 to $300.
- Needham analyst Quinn Bolton maintained a Buy rating with a price target of $240.
- Benchmark analyst Cody Acree reiterated a Buy rating with a price target of $250.
- KeyBanc analyst John Vinh maintained an Overweight rating with a price target of $275.
- DA Davidson analyst Gil Luria reiterated a Buy rating with a price target of $250.
Nvidia showed strength to overcome some obstacles placed in front of the company ahead of earnings, Cassidy said in a new investor note.
"Management overcame many concerns investors had throughout the quarter - GPU capacity, TPU competition, available power, memory supply and customer financing," Cassidy said.
The analyst said first-quarter guidance is above consensus estimates, with purchase commitments up 90% quarter-over-quarter.
"We view this as a confident management team that will support customer demand for its next generation platforms and continue to lead the AI market development."
Cassidy highlighted the management commentary on the continued Blackwell ramp and the initial Vera Rubin production ramp coming in the second half of calendar year 2026.
Needham on NVDA
Nvidia showed strength in compute and networking during the fourth quarter, Bolton said in a new investor note.
Bolton highlighted the company's record data center revenue and comments from Nvidia CEO Jensen Huang.
"Hyperscalers made up ~50% of data center revenue, while other verticals continue to contribute to growth," Bolton said. "Jensen is confident hyperscaler cash flow will increase in the future to support growing Capex given advancements in compute driving increased token output."
The analyst said networking opportunities are also growing and scaling up for the company.
Customer engagement "appears robust" for initial Vera Rubin samples delivered to customers.
"Management noting broad interest and an expectation that all major cloud model builders will ultimately deploy the platform."
Benchmark on NVDA
A strong quarter that beat estimates and saw strong guidance could calm investor fears, Acree said in a new investor note.
"Nvidia's shares were initially relatively unchanged after-hours, before strengthening in late trading, highlighting the extreme level of heightened investor expectations already reflected in Nvidia's stock price," Acree said.
The analyst said the quarter was "among its strongest ever on many metrics," which could show just how high expectations were given the stock price movement.
"The Street has largely come to view these types of stellar reports as more the norm, rather than the standout results that they were."
Acree said the company tried to calm investor fears about hyperscaler capex growth. Nvidia said it expects data center CapEx to hit a range of $3 trillion to $4 trillion for the industry by 2030, providing more revenue opportunities for the company going forward.
"We believe NVDA deserves to trade with a forward multiple at some level relative to its earnings growth rate."
The analyst's price target is based on a price-to-earnings ratio of 31x and earnings per share estimated at $8.05 for fiscal year 2027. Acree said the price target could be a "conservative valuation multiple for a company that is performing exceptionally well fundamentally."
KeyBanc on NVDA
Nvidia had strong fourth-quarter results and guidance, Vinh said in a new investor note.
The analyst highlighted the strength of Blackwell and networking. Vinh also pointed out that the company's guidance includes no contribution from China, which could create upside opportunities and is "likely better for the stock."
"We're encouraged with these strong results," Vinh said.
DA Davidson on NVDA
Nvidia has "insatiable demand for compute," Luria said in a new investor note.
The analyst said fourth-quarter results beat expectations and demand was "well beyond" expectations.
"We are simply not seeing demand slowing down for compute for the foreseeable future," Luria said.
Nvidia Stock Price Action
Nvidia stock is down 4.55% to $186.71 on Thursday versus a 52-week trading range of $86.63 to $212.19.
