DDA Davidson NNVIDIA · NVDA

DA Davidson Reiterates Buy on NVIDIA, $210 PT

Sep 22, 2025· 1 min read· Reproduced verbatim
Rating
Buy
Price target
$210
Previous
Implied upside
+19%

DA Davidson analyst Gil Luria reiterated on September 22, 2025, his ‘Buy’ rating and $210 price target on Nvidia.

“Today, both NVIDIA and OpenAI have jointly announced a letter of intent for OpenAI to deploy at least 10 GW of NVIDIA systems for both the training and inference of OpenAI’s future models.

In addition to deployment of these systems, NVIDIA plans to invest up to $100B in OpenAI progressively as each gigawatt is deployed.

While the announcement is positive for OpenAI’s ability to ramp, we are concerned NVDA has become the “investor of last resort”, bailing out OpenAI’s overextended commitments.

We maintain our BUY rating and $210 price target.”

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