Baird Lifts Nvidia Price Target To $190, Citing Strong Blackwell Demand

Benzinga 2024-11-22

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Baird raised its price target on Nvidia to $190, maintaining an Outperform rating. The firm noted robust demand for Blackwell, dismissing severe issues like overheating. Nvidia projects ongoing worldwide data center modernization and sees generative AI as a key driver for demand over the next five years. Other firms have updated their targets, including Oppenheimer, Raymond James, HSBC, and Truist Financial, citing strong performance and growth prospects. NVIDIA has a consensus target price of over $160, with a Moderate Buy rating from analysts.

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