Nvidia price target raised to $1,160 from $1,000 at Morgan Stanley
Morgan Stanley analyst Joseph Moore raised the firm's price target on Nvidia to $1,160 from $1,000 and keeps an Overweight rating on the shares. The company "again beat by $2 bn and shows no sign of slowing down even during the product transition," says the analyst, who sees "the logic that customers could pause waiting for Blackwell," but adds that the firm's checks would say demand remains very robust. Strength in inference remains an important long term driver, says the firm, which thinks "the backdrop warrants AI exposure even amid extreme enthusiasm" and adds that it believes Nvidia "remains the clearest way to get that exposure."
