Stifel Increases Price Target on Nvidia to $250
Stifel analyst Ruben Roy raised on November 18, 2025, the price target on Nvidia to $250 (from $212) while maintaining a ‘Buy’ rating on the stock.
“We are increasing our estimates and introducing F2028 estimates ahead of NVDA’s F3Q report Wednesday, 11/19.
CEO Jensen Huang’s recent keynote at GTC Washington D.C., which we wrote about here, outlined the company’s ongoing positioning as the backbone of AI infrastructure underpinned by more than $500bn in cumulative order book for Blackwell and Rubin infrastructure spanning 2025-2026.
With consensus (and our) expectations incorporating Mr. Huang’s commentary, expectations remain elevated.
Similar to last quarter, we expect the near-term investor debate to remain centered on the sustainability of infrastructure investment, despite another round of hyperscaler capex increases/commentary on continued investment.
We believe that concerns regarding vendor financing loops, financial sustainability of several key AI players, and recent supply side issues have increased as well.
Our conversations, coupled with, recent industry data points, suggest that AI compute demand is likely to scale higher. We continue to view NVDA as best positioned to benefit.”
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