Cantor Fitzgerald Reaffirms Overweight on NVIDIA, $350 Price Target

Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $350 price target on NVIDIA (NASDAQ: NVDA).

“We hosted NVDA mgmt. for investor meetings in NYC this past week, including Jensen Huang (CEO), Colette Kress (CFO), Toshiya Hari (IR), as well as other Senior Executives.

Overall, there was a clear focus in meetings on robust demand growth across an increasingly broad customer base, NVDA’s role in enabling Agentic AI across verticals, and the company’s ability to capture a rising share of overall IT capex spend with each new system generation – particularly noteworthy at the hyperscalers.

We came away incrementally more positive on the fundamental backdrop, with clear upside to the company’s guided 70%+ CY27 revenue growth and its prior long-term visions linked to $3-4T in CY30 compute spend (i.e., Jensen highlighting a vision for Semi revs tracking to $20T over time).

Sentiment headwinds — fears of an AI spending slowdown, competitive pressure, gross margin concerns, relative torque versus other AI-levered names — may persist, but we believe NVDA’s upside remains too great to ignore.

We thus reiterate our prior call: NVDA is Simply Too Inexpensive to Ignore.

We remain Overweight rated with a $350 price target, equating to just 13x our updated CY28 EPS of $26 (with this note, we update our model to reflect the more robust demand backdrop and incremental upside from NVDA’s supply chain work).”

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.