Rosenblatt Raises NVIDIA Price Target to Street-High $800
Rosenblatt analyst Hans Mosesmann raised the price target on NVIDIA (NASDAQ: NVDA) to Street High $800.00 (from $600.00) while maintaining a Buy rating.
“Nvidia prints its July quarter next week, August 23rd, and we expect a beat and raise with the guide (we expect up Q/Q) being impacted by severe constraints on H100 Hopper platforms.
We believe demand over the next several quarters is exceeding supply by at least 50%.
Unconstrained, we believe Nvidia’s earnings for FY25 (CY24) would be in the high-teens from our current $10.35 estimate.
We see FY26 (CY25) earnings power well into the $20s driven by a multitude of growth vectors: Hopper, Grace Hopper CPU/GPU, Hopper Next, Mellanox tie-in’s (switches, DPUs, NICs, etc.).
We are taking our PT to $800 from $600 applying a valuation framework of 35x P/E on earnings power of low $20s for FY26. We had been using a 40x P/E of our $10.35 FY25 estimate.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
