Bernstein Keeps Outperform on NVIDIA, $185 Price Target

Bernstein SocGen Group analyst Stacy Rasgon reiterated an Outperform rating and $185 price target on NVIDIA (NASDAQ: NVDA).

“Amid a messy quarter NVIDIA is comporting themselves extremely well.

The China headwind is unpleasant and frustrating, but we salute management for trying to sugarcoat neither the near-term impact nor the potential longer term implications, and it appears fully flushed out of numbers (hence representing possible upside if and when the company can manage to work around the new constraints).

And the general outlook and environment overall seems very encouraging (and better than last quarter) as the Blackwell ramp takes off, rack supply eases into the 2H, and demand outlook into year-end (and probably into CY26) looks to be solidifying, and robust as ever as compute requirements continue to move upward.”

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