UBS NVIDIA · NVDA

UBS Reiterates Buy on NVIDIA, $185 Price Target

February 19, 2025 Analyst: Timothy Arcuri 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$185
Outcome
Reached
on September 30, 2025
UBS and NVIDIA logos

What the analyst said

UBS analyst Timothy Arcuri reiterated a Buy rating and $185 price target on NVIDIA (NASDAQ: NVDA).

“We expect a strong set of results with guidance that is in-line to better than FQ1 (April) investor bogeys of ~$42.5-43B for total revenue and ~ $38.5B-39B for data center.

It is important to remember that NVDA recognizes Blackwell revenue when compute boards are shipped (which inflected significantly in FQ4) and does not wait for racks to be shipped from OEM/ODM partners.

Ergo, we believe the supply chain is successfully navigating a short-term mismatch between Blackwell compute board shipments (ramping now) and OEM/ ODM Blackwell GB200 rack shipments (ramping starting in March).

With the big inflection in Blackwell compute board production in 2H of NVDA’s FQ4 (Jan), we also believe many customers have pivoted to Blackwell SKUs that are more immediately available (e.g.

B200 on the air-cooled HGX platform) and have avoided waiting for the GB200 rack power issues to be fully resolved, as customers are clamoring to get Blackwell installed even a month or two earlier.”

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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.

Where the price stands

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 $185 target is 41% below the median, the lowest on the Street.

Since the note NVDA has moved +54% (from $139). The 12-month window closed on February 19, 2026.

Track record

This call✓ Target reached on September 30, 2025, 8 months after the note. Same target as this firm’s January 27, 2025 note, so it is scored there.

Firm track recordUBS: 83% of its 30 targets at least a year old were reached within 12 months (#15 of 28 firms); on NVIDIA, 5 of 5. Accuracy ranking →

UBS on NVIDIA

UBS price targets on NVIDIA

8 calls from January 6, 2026 to October 9, 2026. The target went from $235 to $300 (+28%). The rating stayed Buy.

UBS targetNVDA share price
  1. October 9, 2026Kept the $300 targetBuy$300
  2. August 27, 2026Target raised from $280 (+7%)Buy$300
  3. August 14, 2026Target raised from $275 (+2%)Buy$280
  4. May 14, 2026Target raised from $245 (+12%)Buy$275
  5. May 11, 2026Kept the $245 targetBuy$245
  6. February 26, 2026Target raised from $235 (+4%)Buy$245
  7. February 10, 2026Kept the $235 targetBuy$235
  8. January 6, 2026Earliest call shownBuy$235
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Other analysts on NVIDIA

Yorkville IvesBuy Initiated coverage · Oct 7 $300 CantorBuy Kept rating and price target · Oct 5 $350maintained CantorBuy Kept rating and price target · Oct 1 $350maintained CitiBuy Kept rating and price target · Sep 28 $315maintained Goldman SachsBuy Kept rating and price target · Sep 10 $300maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.