Bank of America (BofA) has maintained its 'Buy' rating for Nvidia (NVDA) with a price target of $150, citing solid fundamentals and a compelling valuation cushion against volatility. Despite Nvidia's 50% climb in CQ2, BofA analyst Arya believes that any volatility is likely to be short-lived. Additionally, Stifel has raised its price target for Nvidia to $165 from $114, reflecting confidence in the company's growth prospects. The deployment of generative AI hardware is still in the early stages of a 3-5 year cycle, presenting a $300 billion-plus opportunity for Nvidia.
$NVDA | Nvidia Analyst Says The AI Party Isn't Over: 'Any Volatility Likely To Be Short-Lived' Bank of America analyst Arya believes Nvidia's sharp rise may lead to short-term profit-taking but expects volatility to be short-lived. Generative AI hardware deployment is in its… https://t.co/bk1rQnn6FG
$NVDA Solid fundamentals, compelling valuation, opportunity solid despite stock’s steep climb - BofA
$NVDA | BofA Maintains Nvidia with Buy; PT $150
$NVDA | BofA Maintains Nvidia with Buy; PT $150 Despite NVIDIA's 50% climb in CQ2, BofA still sees solid fundamentals and valuation cushion against volatility. — GenAI Hardware deployments still in the early stages of a 3-5 year deployment cycle with a $300bn+ opportunity,… https://t.co/MQpFkLknp6
$NVDA Nvidia price target raised to $165 from $114 at Stifel