Keep an eye on rebounding shares of Nvidia (SYM: NVDA).
Just yesterday, analysts at Citi reiterated a buy rating on the stock with a $150 price target.
According to the firm, as quoted by Business Insider, “Nvidia is positioned for growth and increased market presence.”
They anticipate “over 40% year-over-year growth in cloud data center capital expenditures,” which they believe “will drive Nvidia’s sales and gross margin significantly, particularly post-CES in January with the introduction of the Blackwell product line.” The firm also “highlighted the increasing adoption of AI across enterprises, suggesting that we are still in the early to middle stages of this trend, with further growth potential as AI agents become more integrated into various industries.”
Then, this morning, Cantor Fitzgerald reiterated an overweight rating on the stock, noting that NVDA remains “our top pick” with a $175 price target.
