BNP Paribas Lifts Nvidia’s Price Target to $250
BNP Paribas Exane analyst David O’Connor raised on November 18, 2025, the price target on Nvidia to $250 (from $240) while maintaining a ‘Outperform’ rating on the stock.
“We don’t expect much drama in terms of numbers into NVDA’s FQ3’26 results on Wednesday where we expect the classic marginal beat/raise.
Cons stands at $55bn for FQ3 revenues (+18% q/q; +57% y/y), with buyside a touch higher vs guidance $54bn.
This translates into cons EPS of c.$1.30. For FQ4, cons revenues stands at $62bn (+12% q/q) and buyside likely higher at c.$63-64bn.
Outside of FQ2’26 impact from China export restrictions, NVDA has averaged c.$5bn incremental revenue growth q/q for the previous 8 quarters.
The FQ4 cons at +$7bn, is on the higher side but also embeds a richer Blackwell ASP in the mix.”
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