Citi Maintains Buy on Nvidia, $315 PT
Citi analyst Atif Malik reiterated a Buy rating and $315 price target on Nvidia (NASDAQ: NVDA).
Nvidia announced a $150 billion increase in its share repurchase authorization, bringing total buyback capacity to $235 billion through fiscal year 2028.
The company also announced the Open Agent Safety Platform, which combines OpenShell, an open-source runtime that enforces policy controls on AI agents, with Sentry, a hardware-based monitoring system running on BlueField-4 DPUs designed to detect and stop unauthorized agent behavior in real time.
Nvidia disclosed that a frontier AI lab has contracted 2.6 gigawatts of direct Nvidia AI infrastructure to be shipped through 2028, with total indirect contracted value across multiple cloud service providers and neoclouds exceeding $180 billion.
Malik noted that open-weight AI models now account for roughly 75% of token generation, up from approximately 40% a year ago, while overall token consumption has increased 25 times year-over-year.
The analyst also noted that Nvidia estimates its revenue opportunity per gigawatt has increased from $18 billion with its Hopper architecture to $25 billion with Blackwell and $40 billion with Rubin, reflecting an expanded portfolio that includes CPUs, networking, and AI factory infrastructure.
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.
