BMO Capital Initiates NVIDIA at Outperform, $340 PT
BMO Capital analyst Harsh Kumar initiated coverage on NVIDIA (NASDAQ: NVDA) with an Outperform rating and a $340 price target on August 21, 2026.
“Initiating coverage on NVIDIA with an Outperform rating and $340 target price.
NVDA is considered a leader in complete AI systems, supported by a fully integrated technology stack. NVDA designs AI accelerators and builds complete full-rack AI systems for hyperscalers/CSPs.
It is also a leading supporter of LLM ecosystems and has made several strategic investments across leading AI companies.
Demand remains robust with much of NVDA’s capacity sold out for the next 12-plus months. We believe NVDA has a strong financial profile supported by healthy margins and cash flow generation.”
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