BofA Securities Affirms Buy on NVIDIA, $190 Price Target

February 4, 2025 Analyst: Vivek Arya 1 min read Reproduced verbatim

Rating: Buy; Unchanged
Target: $190
Outcome: Reached; on October 9, 2025

What the analyst said

BofA Securities analyst Vivek Arya reiterated a Buy rating and $190 price target on NVIDIA (NASDAQ: NVDA)

“Reiterate Buy, top pick ahead of NVDA’s FQ4’25 (Jan) earnings call scheduled for 26-Feb.

We expect modest beat/inline sales guidance and lower GM in FQ1 (Apr) given Blackwell product transition/China restrictions.

However, the call could mark the trough in investor sentiment as: 1) we expect NVDA to reassure on Blackwell execution, 2) Signal confidence around FY26/CY25 with 60%+ YoY growth in data center sales (still leaves headroom vs. TSMC’s call for AI to grow 100%+ YoY in CY25E), and 3) create excitement ahead of flagship GTC Conf.

(Mar 17) where focus shifts to solid pipeline (GB300, Rubin), and physical AI (robotics).

Meanwhile NVDA stock is currently trading at a compelling ~26x CY25E PE (lower end of 25x-59x range, median 39x NTM PE).”

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Where the price stands

This target$190Median$315Highest$515Today$214At the note$117

NVDA trades at $214. The 27 analysts who set a target in the last 3 months range from $270 to $515, with a median of $315. This $190 target is 40% below the median, the lowest on the Street.

Since the note NVDA has moved +84% (from $117). The 12-month window closed on February 4, 2026.

Track record

This call✓ Target reached on October 9, 2025, 9 months after the note. Same target as this firm’s January 2, 2025 note, so it is scored there.

Firm track recordBank of America: 85% of its 27 targets at least a year old were reached within 12 months (#14 of 28 firms); on NVIDIA, 6 of 6. Accuracy ranking →