Nvidia Stock Soars on Analyst Upgrade, Price Target Raised to $200

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Nvidia Stock Soars on Analyst Upgrade, Price Target Raised to $200

Nvidia Stock Soars on Analyst Upgrade

Nvidia Corp (NVDA) shares are reaching new heights, fueled by positive analyst coverage. Rosenblatt analyst Hans Mosesmann maintained a Buy rating for Nvidia and raised the price target from $140 to a Street-high of $200, citing strong earnings potential from the company's Hopper, Blackwell, and Rubin lineup.

Mosesmann believes Nvidia's software business will be a key driver of growth in the coming decade. As the company's revenue mix shifts towards software, he expects a higher valuation due to the sustainability of software revenue. He projects Nvidia to generate at least $5 of EPS in 2026, which translates to a $200 per share price target with a 40x price-to-earnings multiple.

However, Mosesmann acknowledges potential risks, including declining market share, increased competition, execution challenges, and the cyclical nature of the semiconductor industry.

Other analysts are also bullish on Nvidia. Wells Fargo maintained an Overweight rating and raised its price target from $125 to $155.

At the time of publication, NVDA shares were trading at $135.94, up 3.79%.