KeyBanc Maintains Overweight on NVIDIA, $330 PT
KeyBanc analyst John Vinh reiterated an Overweight rating and $330 price target on NVIDIA (NASDAQ: NVDA) on August 24, 2026.
“Expect Ramping Rubin GPU Shipments to Drive Strong Results and Guidance; We expect NVDA to report strong results and guidance with ramping Rubin (R200) GPU shipments representing the key drivers of upside.
Key expectations we’d highlight into the quarter include: 1) R200 mass production began in July and should contribute modest incr revs in F2Q; 2) Blackwell shipments are expected to remain flat q/q in F3Q, while we anticipate incr R200 shipments of ~250K in F3Q q/q; 3) Full year R200 shipments are increasing slightly to ~1.9M due to ramping supply of HBM4 from SK Hynix.
As such, we’re raising ests and see fav risk/reward trading at 15x our FY28 EPS. Remain OW.”
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