Cantor Fitzgerald Keeps Overweight on NVIDIA, $200 Price Target

Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $200 price target on NVIDIA (NASDAQ: NVDA).

“The beat and raise for NVDA is becoming clockwork at this point – essentially beating the guide by $2B and guiding revenue growth of + $2-2.5B Q/Q, a trend that has generally held since early 2023.

The problem with this consistency… the bar has now been reset and standard beats/ raises are no longer being rewarded.

And this quarter, we look for NVDA results/guide to fall in line with these recent trends, offering a solid beat, but only a very modest raise to consensus (with upside and a potential breakout from the recent trend more likely into the July Q with Blackwell in full swing).”

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