Jefferies Reiterates Buy Rating on NVIDIA (NVDA)

Jefferies analyst Blayne Curtis reiterated a Buy rating and $185.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst commented: "Foxconn offered a notable improvement in tone this week with the release of their January revenue figures (+3%). Management now suggesting sequential revenue growth in 1Q25 likely to be “better than average” vs the “roughly similar levels” guidance proposed during their earnings call last month. The shift is a welcome sight for investors concerned about ongoing delays with NVDA’s Blackwell rollout and suggests the ramp is fully underway. We continue to believe that most of the supply chain data points out of Asia are just noise and that the fears of a down quarter or air pocket are overblown. Please reach out for a copy of AI Accelerator Model."

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.

Shares of NVIDIA closed at $135.24 yesterday.

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