Needham NVIDIA · NVDA

Needham Keeps Buy on NVIDIA, $160 Price Target

Analyst: Rajvindra Gill 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$160
Outcome
Reached
on July 8, 2025
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What the analyst said

Needham analyst Rajvindra Gill reiterated a Buy rating and $160 price target on NVIDIA (NASDAQ: NVDA)

“NVIDIA delivered another beat and raise quarter as the company ramps Blackwell at a record pace and inference demand drives another step up in our estimates.

Our key takeaways: 1) Initial Blackwell revenue is well above expectations.

This comes a quarter after overheating rumors, and on the heels of DeepSeek and MSFT strategy change fears.

Continuously diversifying end demand drivers should allay near-term concerns; 2) Gross margin estimates now incorporate a 100bps lower bottom and a slower recovery to ~75%.

We aren’t surprised at the slight revision given 1.5MM components in a customizable rack design; and 3) Inference demand seems to be stepping up, driven by new reasoning models which require >100x more compute per task.”

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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 $187. The 27 analysts who set a target in the last 3 months range from $270 to $515, with a median of $315. This $160 target is 49% below the median, the lowest on the Street.

Since the note NVDA has moved +42% (from $131). The 12-month window closed on February 27, 2026.

Track record

This call✓ Target reached on July 8, 2025, 4 months after the note.

Firm track recordNeedham: 100% of its 6 targets at least a year old were reached within 12 months; on NVIDIA, 3 of 3. Accuracy ranking →

Needham on NVIDIA

Needham price targets on NVIDIA

6 calls from August 28, 2025 to September 4, 2026. The target went from $200 to $300 (+50%). The rating stayed Buy.

Needham targetNVDA share price
  1. September 4, 2026Kept the $300 targetBuy$300
  2. August 27, 2026Target raised from $270 (+11%)Buy$300
  3. May 21, 2026Target raised from $240 (+13%)Buy$270
  4. February 26, 2026Kept the $240 targetBuy$240
  5. November 20, 2025Target raised from $200 (+20%)Buy$240
  6. August 28, 2025Earliest call shownBuy$200
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Other analysts on NVIDIA

Goldman SachsBuy Kept rating and price target Oct 21 $300maintained UBSBuy Kept rating and price target Oct 9 $300maintained 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
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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.