Citi Keeps Buy on NVIDIA, $163 Price Target
- Rating
- Buy
- Price target
- $163
- Implied upside
- +43%
- vs $114.06 prior close
Citi analyst Atif Malik reiterated a Buy rating and $163 price target on NVIDIA (NASDAQ: NVDA).
“NVDA stock is down 13% post earnings as investors are increasingly worried about macro like China restrictions and tariffs.
While we cut our estimates on 10% China data center exposure risk on 2/5, investors are now looking to derisk tier 2 countries exposure, particularly Singapore, in alignment with AI diffusion rules.
Singapore represented 18% of FY25 total sales based upon customer billing location as Nvidia’s customers use Singapore to centralize invoicing, a common industry practice, while products are shipped elsewhere.
Shipments to Singapore were <2% of FY25 total sales per 10-K.
While risk-reward looks attractive on the stock with stock trading below historical troughs, we believe investors are looking for the clearance event on the overhang from the AI restrictions and tariff impact to gross margins.
Maintain Buy.”
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Tracking this call
Since this note+102% NVDA $114.06 → $230.48 (Oct 9) · target reached
This call✓ Target reached on Jul 10, 2025, 5 months after the note. Same target as this firm’s Feb 5, 2025 note, so it is scored there.
Firm track recordCiti: 67% of its 9 targets at least a year old were reached within 12 months (#16 of 20 firms); on NVIDIA, 6 of 6. Accuracy ranking →
