Rosenblatt Lifts Nvidia’s Price Target to $215
Rosenblatt analyst Kevin Cassidy raised on August 28, 2025, the price target on Nvidia to $215 (from $200) while maintaining a ‘Buy’ rating.
“NVIDIA delivered a strong quarter as the Grace Blackwell-based racks ramp to 1,000 per week including a transition to Blackwell Ultra (GB300).
Unit shipments are expected to accelerate as additional capacity comes online.
Demand remains robust.
According to management, H20 3QF26 revenue for China could represent $2B – $5B based on the US government and China trade negotiations are resolved.
This is not included in management’s guidance and represents potential upside.
NVIDIA is advocating the US government to approve Blackwell for China.
Blackwell is an order of magnitude higher performance/watt compared with Hopper.
A much more compelling solution. Networking revenue increased 46% Q/Q and 98% Y/Y to $7.3B.
Networking is the key ingredient to connecting GPU-to-GPU, rack-to-rack and data center-to-data center making an entire system work as on large compute element.
Looking out to FY27, NVIDIA’s annual product cadence is on-track with Rubin platforms expected to ramp into production in FY27.
We see this annual road map as important for coordinating the next leap in compute performance with large customers’ plans for new data centers.
We are raising our estimates and 12-month price target to $215 (from $200) and reiterating our Buy recommendation for NVDA.”
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