Nvidia price target raised to $1,200 from $1,100 at Raymond James
Raymond James raised the firm's price target on Nvidia to $1,200 from $1,100 and keeps a Strong Buy rating on the shares. Nvidia's results and outlook were consistent with the firm's preview for a 5%-10% upside and while Cloud customer demand continues to be strong, Enterprise and Consumer Internet companies drove most of the growth in the quarter, highlighting the broadening AI adoption, the analyst tells investors in a research note. Raymond James expects momentum to sustain into 2H25 and believes that the risk of a near-term customer spending pause is modest given the intense competition among hyperscalers and exponential growth in model complexity.
