William Blair Reiterates Outperform on NVIDIA, $205 PT
William Blair analyst Sebastien Naji reiterated on August 28, 2025, an ‘Outperform’ rating and $205 price target on Nvidia.
“What You Need to Know Nvidia reported a modest beat-and-raise quarter, notably excluding H20 contributions from its guidance given continued uncertainty around China export licenses.
Blackwell continues to ramp up nicely, with the Blackwell Ultra (B300) accounting for more than $10 billion of revenue in the quarter (faster than expected and reemphasizing Nvidia’s commitment to annual product releases).
A step-up in GB300 manufacturing capacity and sustained computing demand will be key to driving strong growth in the second half of fiscal 2026.
We believe that Nvidia should retain its leadership in AI for several years to come (underpinned by rack-level hardware designs, an unparalleled supply chain, and the broadly used CUDA-based software stack), which will allow it to sustain strong revenue and earnings growth going into fiscal 2026 and beyond.
With shares down modestly in after-hours trading, we would be buyers on weakness.”
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