Nvidia price target raised to $1,085 from $910 at Stifel
Stifel analyst Ruben Roy raised the firm's price target on Nvidia to $1,085 from $910 and keeps a Buy rating on the shares ahead of the company reporting its fiscal Q1 of FY25 results after market close on Wednesday, May 22. A "beat/raise is widely anticipated" once again, notes the analyst, who is expecting "another round of strong results and outlook" as the AI infrastructure investment cycle continues. The firm is not expecting any meaningful change in tone or messaging relative to what was heard at GTC in mid-March, the analyst said in the earnings preview note, adding that Nvidia remains the firm's top pick relative to the AI infrastructure investment theme.
