By Hillary Remy
Publication Date: 2026-03-19 18:33:00
Rosenblatt Securities raised its price target on Nvidia (NVDA) to $325 from $300 on March 18, maintaining a buy rating, as analyst Kevin Cassidy updated his financial model following management meetings with analysts.
The new target implies roughly 77% upside from the March 16 closing price of $183.22.
This upgrade makes Rosenblatt one of the most bullish voices on Wall Street on Nvidia, heading into what the firm sees as a pivotal year for AI infrastructure spending.
Cassidy’s revised model now projects over $1 trillion in combined revenue from Nvidia’s Blackwell and Rubin product lines between 2025 and 2027. Rosenblatt added roughly $25 billion in additional revenue expectations for the second half of fiscal 2028, incorporating contributions from Rubin Ultra and Vera standalone products.
The $325 price target reflects a valuation of 25 times fiscal 2028 estimated earnings per share.
The central thesis is that Nvidia’s competitive position extends well beyond its dominant share in AI training. Cassidy argues that the company’s full-stack advantage, spanning CUDA software, NVLink networking, and rack-scale systems, positions it to lead in AI inference as well, which is increasingly where the growth is shifting as more enterprises move from building AI models to actually deploying them at scale.
At the GTC 2026 conference, CEO Jensen Huang signaled $1 trillion in combined orders for Blackwell and Vera Rubin through 2027, reinforcing the multi-year…
