Nvidia still 'the one' for AI? BNP Paribas raises target to $345, sees up to 47% upside
4 Articles
4 Articles
AI stock Nvidia stock gets target upgrade from BNP Paribas; 47% further upside seen by experts - check revised price
BNP Paribas projects Nvidia will sustain its bullish trajectory, increasing its target price to $345. The firm emphasizes Nvidia's advantages in AI workloads and networking, while it plans to continue stock buybacks to bolster its market position amid increasing competition.
Nvidia still 'the one' for AI? BNP Paribas raises target to $345, sees up to 47% upside
BNP Paribas has retained its Outperform rating on Nvidia and raised its target price to $345 from $285, implying 47% upside. The brokerage sees Nvidia’s full-stack AI platform, including GPUs, networking and software, helping it navigate the shift towards increasingly complex inference workloads and sustain its market leadership.
BNP Paribas raises Nvidia, Intel price targets on AI demand outlook (NVDA:NASDAQ)
remains BNP Paribas' preferred semiconductor stock as the brokerage expects the chipmaker to retain a leading position in AI computing. BNP Paribas raised its Nvidia price target to $345 from $285, citing the company's broad range of AI hardware, CUDA software, and networking
According to ChainCatcher, Nvidia's stock price hit a new high in four months, closing at $237.58 on Monday, with a market capitalization of approximately $5.76 trillion. Wedbush analyst Matt Bryson stated that the market is finding it difficult to ignore the disconnect between its growth prospects and valuation. BNP Paribas analyst Karl Ackerman raised his price target to $345 per share, implying a 45% upside.
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
