Cantor Fitzgerald on Monday reaffirmed its above-average rating on Nvidia Corp. (NASDAQ: NVDA) and raised its price target to $350 from a prior level, citing continued strength in artificial intelligence infrastructure spending.
The firm’s new target implies a potential 63% upside to Nvidia’s closing price of $214.72 on Friday, leaving the stock with a forward price-to-earnings ratio of 32.91. Cantor Fitzgerald’s outlook aligns with a broader consensus that AI-driven demand for data center accelerators will extend through 2027 and 2028, as hyperscalers expand capital expenditure budgets.
Benchmark separately maintained a $335 price target on Nvidia, while projecting revenue of $92 billion and earnings per share of $2.10 for the fiscal year ending January 2027. The firm’s model assumes continued monetization of AI workloads across cloud and enterprise segments, with visibility into spending cycles extending into 2028.
Nvidia is scheduled to report second-quarter fiscal 2027 results in two days, a disclosure that follows a 0.98% decline during Monday’s session. After-hours trading showed a partial rebound of 0.31%.
Analysts also highlighted valuation support from external AI ecosystem developments. Perplexity AI is in advanced talks for a funding round that could value the company at more than $30 billion, underscoring sustained investor appetite for AI-native infrastructure. Separately, Anthropic’s expected initial public offering in the fourth quarter of 2026 is anticipated to further validate demand for AI compute capacity.
Rosenblatt Securities, BMO Capital, and Wolfe Research have also maintained positive ratings on Nvidia this month, reflecting a consensus view that the company remains well-positioned to benefit from multi-year AI investment cycles despite elevated valuation metrics.
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