UBS Reaffirms Buy on NVIDIA, $185 Price Target
- Rating
- Buy
- Price target
- $185
- Implied upside
- +52%
- vs $121.67 prior close
UBS analyst Timothy Arcuri reiterated a Buy rating and $185 price target on NVIDIA (NASDAQ: NVDA)’
“We did hear about slightly less aggressive expansion plans for TSMC for CoWoS capacity by YE25/YE26 (70k/110k v prior 80k/120k) but we think this is largely due to improving CoWoS-L yields rather than any demand signal, and our full year projection for NVDA GPU shipments remains essentially unchanged at ~6.1MM units, though the mix is now slightly more skewed to B300/GB300 than our prior model.”
Also, “Following our modifications to mix, we are now at ~$46B in revenue for FQ1 (April) and $5.27/$6.22 EPS for C2025E/2026E.
Uncertainly around AI Diffusion will likely remain high, but we remain bullish with the stock still trading <20x our C2026E EPS.”
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Tracking this call
Since this note+89% NVDA $121.67 → $230.48 (Oct 9) · target reached
This call✓ Target reached on Sep 30, 2025, 8 months after the note. Same target as this firm’s Jan 27, 2025 note, so it is scored there.
Firm track recordUBS: 72% of its 18 targets at least a year old were reached within 12 months (#14 of 20 firms); on NVIDIA, 5 of 5. Accuracy ranking →
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