NVIDIA’s stock experienced a 5% decrease, but Jefferies remains optimistic, raising the price target to $150 from $135 with a Buy rating. They expect NVIDIA to capture a larger share of the AI market with Blackwell microarchitecture. Jefferies updated its estimates for NVIDIA’s GPU racks after an Asian tour, noting a 25% increase in supply chain capacity for Blackwell GPUs. NVIDIA’s GB200 NVL platform is expected to see an increase in volume estimates, reflecting a focus on cost-effectiveness and mid-scale AI processing.
Analysts anticipate continued revenue growth for NVIDIA, with fiscal 2025 and fiscal 2026 revenue estimates at $124 billion and $121 billion, respectively. Earnings per share estimates are $2.82 for fiscal 2025 and $4.23 for fiscal 2026. Jefferies sees Blackwell as a key driver of future revenue beats for the company.
Article Source
https://wccftech.com/nvidia-share-price-target-boosted-by-jefferies-on-back-of-increased-blackwell-gpu-volumes/amp/
