NVIDIA (NVDA) PT Raised to $350 at Cantor Fitzgerald on 'Clear Vision' for YoY Growth Through 2029
Cantor Fitzgerald analyst C.J. Muse raised the price target on NVIDIA (NASDAQ: NVDA) to $350.00 (from $300.00) while maintaining an Overweight rating.
The analyst commented, "Compute is extraordinarily tight, where we believe that NVDA is sold out for not only 2026, but also 2027. Agentic AI, initially led by the introduction of Clawdbot, and over the last 3 months supported by robust token demand at both Anthropic and OAI, have confirmed the significant ROIC for AI. This, in turn, has only led to even greater demand for Compute. All of which is leading to bottlenecks across TSMC, Substrates, DRAM/HBM, NAND, HDDs, and elsewhere where we soon expect Semi Equipment to become the next bottleneck. All of which, in our minds, support a clear vision for Y/Y growth at NVDA through 2029 at a minimum...we reiterate our Overweight rating and NVDA remains a TOP PICK. We recently raised our price target to $350 (from $300) – representing a 22-23x stretch goal of $15-16 EPS in CY27."