From Financial Modeling Prep: 2024-07-08 17:56:00

Wolfe Research analysts raised NVIDIA’s price target to $150 per share from $125, citing positive supply chain checks for 2025 growth. Supply chain data indicates over 50% content growth for NVIDIA GPUs due to the Blackwell platform. Potential 50% unit growth and 50% data center business growth expected in 2025.

The report highlights higher networking attach rates for Nvidia’s GB200, essential for AI cluster performance optimization. Wolfe Research projects Nvidia’s 2026 revenue to reach $177.0 billion and EPS to hit $4.03, with a $150 price target based on a valuation of 37 times 2026 EPS.

Wolfe Research maintains an Outperform rating for Nvidia, emphasizing strong earnings momentum and long-term AI sector potential. Nvidia has significantly outperformed broader markets and semiconductor industry peers.



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