Loop Capital Raises NVIDIA Price Target to $250

Loop Capital analyst Ananda Baruah raised the price target on NVIDIA (NASDAQ: NVDA) to $250 (from $175) while maintaining a Buy rating.

“Reiterating our Buy rating and increasing our PT to $250 from $175 as our work strongly suggests that “the math just works”, as fantastic as that may sound.

Simplistically, our work with Loop Capital Supply Chain Analyst John Donovan (Gen AI Demand $ Is SO Much LARGER Than You Think … Just Ask the Hyperscalers!) suggests that Hyperscale & AI Factory (Sovereign, Neocloud & Enterprise) Gen AI & AI Accelerator compute spending ALONE could increase to ~$2.0T by 2028 using current compute economics (Figure 2).

We also understand that this suggests a $6T NVDA Market Cap.

If NVDA were to do our numbers and not reach our PT, that would suggest P/E compression below NVDA’s (and other mega-cap tech valuations) of 30x, where NVDA has been trading the last 36 mo’s.”

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.