Cantor Fitzgerald Reiterates Overweight Rating on NVIDIA (NVDA)

Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $200.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst commented, "The beat and raise for NVDA is becoming clockwork at this point – essentially beating the guide by $2B and guiding revenue growth of + $2-2.5B Q/Q, a trend that has generally held since early 2023. The problem with this consistency… the bar has now been reset and standard beats/ raises are no longer being rewarded. And this quarter, we look for NVDA results/guide to fall in line with these recent trends, offering a solid beat, but only a very modest raise to consensus (with upside and a potential breakout from the recent trend more likely into the July Q with Blackwell in full swing)."

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.

Shares of NVIDIA closed at $134.43 yesterday.

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