Oppenheimer raises Nvidia price target to $150

Oppenheimer analysts have raised Nvidia’s (NVDA) price target to $150 from $110 following its 10-for-1 stock split. Yahoo Finance’s Alexandra Canal and Brad Smith report more on the call and the tailwinds ahead for the chip giant.

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This post was written by Melanie Riehl

Video Transcript

Good news for Invidia Oppenheimer, raising its price target on the chip maker from $110 to 150 bucks following its stock split.

The analyst behind the call, saying in video, has several tail winds driving quote sustained outside top line growth and Brad.

This is one of several price target raises that we saw.

Analysts at Goldman Sachs, also our research raising their respective price targets now are saying that there’s continued momentum that we could see for video shares in 25 after strong growth in 2024.

So you know, this is a stock that has just been on such a tear of about 150% year to date.

And now all of these analysts seeing a lot more room to run as they go beyond just the data centre, but also opportunities in some of their other areas of the business.

Yeah, Evercore I I Goldman.

They had been out with their notes early to start the weekend and last week as well here.

So all of these things considered a lot more affordable ability, perhaps, on the mindset of retail investors in NVIDIA, especially as it’s been talked about by Goldman Sachs as the de facto A. I play more generally speaking now it’s more, uh, increasingly about where they can continue to see some of that chip demand, especially as the rest of the market is trying to move towards application.

And what that means is the applications sitting on top of the models that then sit on top of the chips.

And so if you’ve already got the chips and the chips are gonna continue to grow out, you think about the inference technology that these companies were talking about a computex a couple weeks back.

Or just two weeks ago, as everyone was saying, Sure, we have 60,000 chip data centres right now that could easily get to a 1 million chip data centre that continues to benefit NVIDIA.

That’s why we have analysts come on our show, talking about how yeah, this market cap that we’ve seen it get to this three trillion could just be the still starting point, which is crazy and especially after the 10 for one stock split.

One question I had was how we have we reached the ceiling.

Where is there more room to run here and consistently, we’ve heard from guests that are our show analysts.

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They’re saying that there is more room to run gaming, automotive.

There are two areas of the business that there’s some potential growth opportunities there.

Yeah, and vinia getting the best positioning stature from Oppenheimer on this from the full stack A. I hardware networking and software solutions here, so we’ll continue to track shares of NVD A throughout the week here.