By Shivani Kumaresan
Publication Date: 2025-11-14 14:32:00
Morgan Stanley highlighted that Nvidia’s Blackwell architecture remains the chip of choice across enterprise AI customers.
- Morgan Stanley raised Nvidia’s price target to $220 from $210.
- Analyst Joseph Moore said he expects ‘strongest result we have seen in the last few quarters’ as Blackwell enters full ramp-up.
- Wells Fargo has also increased its price target to $265, up from $220.
NVIDIA Corp’s (NVDA) AI dominance continues to draw increasingly bullish views from Wall Street analysts, with both Morgan Stanley and Wells Fargo lifting their price targets on the back of demand for its Blackwell architecture.
Morgan Stanley analyst, Joseph Moor raised the 12-month price target for the AI bellwether to $220 from $210 and retained an ‘Overweight’ rating.Wells Fargo has also increased its price target to $265, up from $220.
The move reflects growing optimism around AI-related semiconductor demand and supply-chain momentum.
What’s Driving the Price Target Raise?
Moore stated that his firm’s checks show material acceleration in the AI chip business and expects what he described as the ‘strongest result we have seen in the last few quarters’ as Blackwell enters full ramp-up, according to TheFly.
He also highlighted what he called ‘very strong’ demand signals for the forthcoming Rubin platform, and emphasized that Nvidia’s Blackwell architecture remains the chip of choice across enterprise AI customers.
He noted that while the stock has lagged some peers in…