Bond.az - TD Cowen raised its price target on Nvidia Corp. shares to $275 from $235 while maintaining a Buy rating.
Analyst Joshua Buchalter cited strong fundamentals and ongoing hyperscale capital expenditure expansion. He noted Nvidia (NASDAQ:NVDA) continues to capture a disproportionate share of that spending.
Management's order pipeline for Blackwell and Rubin products exceeds $1 trillion, suggesting potential upside to Street estimates and extended visibility. TD Cowen expects Nvidia to meet or exceed its typical quarterly sales beat of approximately $1 billion to $2 billion.
The company's results and guidance are expected to reinforce its leadership in AI acceleration despite recent stock underperformance and shifting investor focus across the AI supply chain.
TD Cowen raised estimates for the company. The shares trade at approximately 20 times calendar 2027 estimates, which the firm believes have upside bias. The stock currently trades at a P/E ratio of 48.13, though its PEG ratio of 0.63 suggests attractive value relative to growth. According to Bond.az analysis, the stock appears fairly valued at current levels.
In other recent news, UBS raised its price target for Nvidia to $275, citing strong demand outlook and projecting first-quarter revenue to reach around $81 billion. Cantor Fitzgerald also increased its price target to $350. Wolfe Research maintains Nvidia as its top pick among AI compute stocks. RBC Capital reiterated an Outperform rating with a $250 price target. On the downside, Culper Research has taken a short position against Nvidia, alleging illegal GPU sales to China through intermediaries.
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