Stifel Reiterates Buy Rating on NVIDIA (NVDA)
Stifel analyst Ruben Roy reiterated a Buy rating and $180.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "NVDA reports its F1Q25 (Apr.) results on Wednesday, 5/28. We expect largely inline results and outlook despite the negative top-line impact related to recently disclosed H20 restrictions. Our supply chain discussions continue to point to significant acceleration into 2H with the recent news regarding NVDA’s expanding footprint in the UAE and Saudi Arabia, which are supported by U.S. policy shifts, incremental to our broader supply chain conversations. We expect the near-term investor debate to remain centered on: (1) hyperscaler demand and sustainability of infrastructure investment, (2) potential incremental impacts related to China export restrictions, and (3) potential margin pressure on early GB200/300 ramps. We do not expect any change to NVDA’s leadership positioning in shaping global AI infrastructure and we continue to view shares as attractively valued within the context of that positioning."
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Shares of NVIDIA closed at $132.83 yesterday.