Rosenblatt Reiterates Buy on NVIDIA, $215 PT

Rosenblatt analyst Kevin Cassidy reiterated on September 22, 2025, Nvidia’s $215 price target, while maintaining a ‘Buy’ rating on the stock.

“OpenAI and NVIDIA have signed a letter of intent for a partnership that would involve deploying 10GW of NVIDIA systems to support OpenAI’s next-generation AI infrastructure.

This collaboration is positioned as mutually beneficial: NVIDIA secures OpenAI’s continued model development on its hardware and software ecosystem, while OpenAI gains access to $100B of NVIDIA’s investment to accelerate growth and assure GPU deliveries.

NVIDIA’s free cash flow for FY26 is projected at roughly $100B, making this scale of investment feasible. However, key questions remain.

How long will it take to deploy 10GW of infrastructure?

Where will the required power be sourced?

And what level of ROI can NVIDIA expect?

This move underscores NVIDIA’s aggressive pursuit of its AI Factory vision, leveraging not only its technological leadership but also its financial strength to reinforce its dominance in the AI market.”

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