BofA Securities Raises NVIDIA Price Target to $160
- Rating
- Buy
- Price target
- $160
- from $150
- Implied upside
- +23%
- vs $129.93 prior close
BofA Securities analyst Vivek Arya raised the price target on NVIDIA (NASDAQ: NVDA) to $160 (from $150) while maintaining a Buy rating following the just announced Sovereign AI projects can offset China restrictions.
“… NVDA and AMD separately announced multi-year AI infrastructure projects with HUMAIN, a subsidiary of the Saudi Arabia Public Investment Fund.
We size the projects to be likely around $3-$5bn annually, or $15-$20bn over a multi-year period.
Sovereign AI nicely complements commercial cloud investments with a focus on training and inference of LLMs in local culture, language and needs, and could be 10-15% or $50bn+ annually in the longer-term $450-$500bn global AI infrastructure opportunity.
Sovereign AI could also help address limited power availability for data centers in US, plus offset headwinds from restrictions on US companies shipping to China.”
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Tracking this call
Since this note+77% NVDA $129.93 → $230.48 (Oct 9) · target reached
This call✓ Target reached on Jul 8, 2025, 3 months after the note. Same target as this firm’s Apr 16, 2025 note, so it is scored there.
Firm track recordBank of America: 73% of its 15 targets at least a year old were reached within 12 months (#13 of 20 firms); on NVIDIA, 6 of 6. Accuracy ranking →
Other NVIDIA notes
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CitiBuy
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Goldman SachsBuy
Kept rating and price target · Sep 10
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