DA Davidson Raises Nvidia’s Price Target to $250
DA Davidson analyst Gil Luria raised on October 29, 2025, the price target on Nvidia to $250 (from $210), while maintaining a ‘Buy’ rating on the stock.
“Following the recent announcements made at NVIDIA GTC in Washington D.C. earlier today, we reiterate our BUY rating and raise our price target from $210 to $250.
NVIDIA continues to demonstrate that they’re the leader in AI compute while expanding across a number of industries and use-cases from quantum computing to telecommunications.
Furthermore, we believe that the market is currently discounting upside to data center revenue through FY2026.We continue to believe the market may be underestimating the insatiable demand for compute.
Management stated that they expect the Blackwell/Rubin generations in 2025/26 to generate $500B of revenue off of 20M GPUs sold, with 6M GPUs already shipped, with consensus estimating data center revenue through that time period at approximately $366B; guidance that’s now ~37% above where consensus is.That being said, we do not believe that the market is appropriately pricing in the upside to these numbers.
To that end, we see no reason to change our perspective on the capabilities of models today and future models, while we see the current levels of demand for compute from labs like OpenAI as justified and do not believe we’re reaching levels warranting the characterization of ‘overbuilding’.”
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