BofA Securities Reiterates Buy on NVIDIA, $180 Price Target

June 5, 2025 Analyst: Vivek Arya 1 min read Reproduced verbatim

Rating: Buy; Unchanged
Target: $180
Outcome: Reached; on August 4, 2025

What the analyst said

BofA Securities analyst Vivek Arya reiterated a Buy rating and $180 price target on NVIDIA (NASDAQ: NVDA).

“We were pleased to host NVDA CFO Colette Kress and VP IR Toshiya Hari for an investor dinner, as well as VP/GM of Hyperscale and HPC Computing Ian Buck for a keynote session in San Francisco.

Overall, the tone was very positive regarding demand and continued customer interest across cloud and enterprise, now also supported by a full-scale supply ramp.

Importantly, we believe NVDA addressed three key investor debates that have been holding back the stock over the last year: 1) Blackwell rack ramp/execution, 2) AI Diffusion and sovereign demand, and 3) China AI shipments.

We maintain Buy, a top sector pick with a $180 PO as we believe NVDA remains best positioned to benefit from the ongoing AI tide, supported by a multi-year lead in performance (AI scaling), pipeline, incumbency, scale, and developer support.

Current 30x NTM PE is also attractive versus 39x historical 5yr median, and remains <1.0x PEG ratio, versus Mag-7 ex-NVDA median of 2.4x.”

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Where the price stands

This target$180Median$315Highest$515Today$229At the note$142

NVDA trades at $229. The 27 analysts who set a target in the last 3 months range from $270 to $515, with a median of $315. This $180 target is 43% below the median, the lowest on the Street.

Since the note NVDA has moved +62% (from $142). The 12-month window closed on June 5, 2026.

Track record

This call✓ Target reached on August 4, 2025, 2 months after the note. Same target as this firm’s May 29, 2025 note, so it is scored there.

Firm track recordBank of America: 81% of its 21 targets at least a year old were reached within 12 months (#14 of 20 firms); on NVIDIA, 6 of 6. Accuracy ranking →