UBS increased its price target for Nvidia Corp. (NASDAQ:NVDA) to $300, up from $280, and maintained a buy rating. The adjustment follows the chipmaker's second‑quarter earnings, which the bank described as "very solid" and in line with its prior expectations.
Other sell‑side houses also lifted their targets. Raymond James raised its target to $515, Cantor Fitzgerald kept an above‑average view with a $350 target, and Rosenblatt lifted its estimate to $390. All firms retained bullish ratings on the stock.
UBS noted Nvidia's current price‑to‑earnings multiple of 32.32 and a PEG ratio of 0.29, indicating modest valuation relative to growth. The bank projects earnings per share above $16 for calendar year 2027.
On the operational side, UBS estimates Nvidia will ship roughly 13 gigawatts of AI compute capacity this year—about 7 GW for hyperscalers and 6 GW for emerging "neocloud" players. Guidance for 2027 suggests 19‑20 GW, with the anticipated SPCX platform adding another 6 GW.
Timothy Arcuri of UBS said the results confirmed the bank's earlier forecasts and highlighted short‑term margin pressure from memory price inflation. He praised Nvidia's decision to provide explicit guidance for the upcoming year rather than relying on order‑book commentary.
Cantor Fitzgerald observed that Nvidia's computer segment is currently sold out, while Rosenblatt emphasized growing demand for the company's AI platform, particularly within the ACIE segment. Argus reiterated its buy rating, citing strong demand for Nvidia's artificial‑intelligence solutions.
