Baird Lifts Nvidia Price Target To $190, Citing Strong Blackwell Demand

Benzinga

Baird raised its price target on Nvidia to $190, maintaining an Outperform rating. The firm noted robust demand for Blackwell, dismissing severe issues like overheating. Nvidia projects ongoing worldwide data center modernization and sees generative AI as a key driver for demand over the next five years. Other firms have updated their targets, including Oppenheimer, Raymond James, HSBC, and Truist Financial, citing strong performance and growth prospects. NVIDIA has a consensus target price of over $160, with a Moderate Buy rating from analysts.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Beard raised its price target on NVIDIA to $190, maintaining an outperformed rating.

00:07The firm noted robust demand for Blackwell, dismissing severe issues like overheating.

00:11NVIDIA projects ongoing worldwide data center modernization

00:15and sees generative AI as a key driver for demand over the next five years.

00:20Other firms have also updated their targets, including Oppenheimer,

00:23Raymond James, HSBC, and Truist Financial, citing strong performance and growth prospects.

00:29NVIDIA has a consensus target price of over $160, with a moderate buy rating from analysts.

00:35For all things money, visit Benzinga.com slash GSTV.

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