Wall Street ignites a bullish trend for NVIDIA! Loop Capital sets the highest target price at $350
Loop Capital raised NVIDIA's target price from $250 to $350, becoming the highest target price on Wall Street. Analyst Ananda Baruah pointed out that due to strong demand, NVIDIA's GPU shipments are expected to increase significantly over the next 12 to 15 months. Several major Wall Street firms have also raised their target prices, with Citigroup, Goldman Sachs, and Bank of America maintaining a "Buy" rating. NVIDIA released several important updates at the GTC conference, with its market capitalization briefly exceeding $5 trillion
According to the Zhitong Finance APP, Loop Capital has raised its target price for NVIDIA (NVDA.US) from $250 to $350, which is currently the highest target price on Wall Street. Based on Monday's target price, NVIDIA's market value would reach $8.5 trillion. Loop Capital analyst Ananda Baruah stated that NVIDIA's GPU shipments will significantly increase in the next 12 to 15 months, benefiting from strong market demand for the GB200 NVL72 rack.
In addition to Loop Capital, several major Wall Street firms have recently raised their target prices for NVIDIA. Last week, Citigroup, Goldman Sachs, and Bank of America released research reports, all maintaining a "buy" rating for NVIDIA. The core consensus focuses on the certainty of $500 billion in sales for the Blackwell and Rubin platforms, multi-domain technological breakthroughs, and ecological expansion potential. Among the three major firms, Bank of America is the most aggressive, setting a target price of $235; Goldman Sachs and Citigroup are relatively conservative, with target prices set at $210. Additionally, Rosenblatt Securities raised its target price for NVIDIA from $215 to $240 on Monday, maintaining a "buy" rating.
NVIDIA "went all out" at the GTC conference held in Washington last week, releasing a series of important information across seven major fields: artificial intelligence (AI), quantum computing, open-source models, American manufacturing, enterprise computing, robotics, and 6G. The company's CEO Jensen Huang stated in his speech that there is "visibility" for $500 billion in sales from the Grace Blackwell and Vera Rubin GPU product lines by 2026.
With the support of several major announcements at the GTC conference, NVIDIA's market value briefly surpassed $5 trillion last week, making it the first company in history to reach a market value of $5 trillion. As the largest company globally, NVIDIA naturally holds the highest weight in major market indices weighted by market capitalization. The stock accounts for 8.5% of the S&P 500 index, exceeding the combined weight of the bottom 240 companies in the index.
It is worth mentioning that NVIDIA will announce its Q3 2025 earnings on November 19, Eastern Time. Although it has not yet released its latest earnings, some analysts believe that NVIDIA is already the biggest winner in this earnings season. Management teams from Amazon (AMZN.US), Alphabet (GOOGL.US), Meta Platforms (META.US), and Microsoft (MSFT.US) all emphasized last week the increase in AI spending, of which NVIDIA is the biggest beneficiary.
Matt Stucky, Chief Portfolio Manager of Stocks at Northwestern Mutual Wealth Management, stated, "The takeaway for me is that major companies will continue to invest in computing power, and NVIDIA 'may be the best supplier on the market right now.'" He added, "The flow of these funds is towards computing power suppliers, semiconductor companies, and platforms," with NVIDIA being a major participant among them Mizuho Securities analyst Jordan Klein also holds a similar view. In a report to clients, he wrote, "All roads lead to NVIDIA," which will also benefit smaller chip manufacturers such as Broadcom (AVGO.US) and Micron Technology (MU.US)
