BMO Capital Reiterates Outperform on NVIDIA, $340 PT
BMO Capital analyst Ambrish Srivastava reiterated an Outperform rating and $340 price target on NVIDIA (NASDAQ: NVDA).
“We see NVDA report solid beat/raise results. We see F2Q (July) revenues $2-3 billion above Street $92B, and again $2-3 billion ahead of F3Q (Oct) consensus $104B driven by DC strength.
Sequential revenues accelerating–Q/Q revenues grew ~$4 billion in FY25 then stepped up to $10-12 billion in 2H FY26. We expect revenues to accelerate from Vera Rubin, now ramping in 2H.
As Vera ramps we expect >$10 billion seq increases. Demand remains robust. VR NVL72+Groq3 LPX delivers 35x higher inference throughput compared to GB200 NLV72, leading to higher revenues.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
