Cantor Fitzgerald Forecasts Strong Price Appreciation for NVIDIA (NASDAQ:NVDA) Stock

Key Points

• Cantor Fitzgerald raised its price target on NVIDIA from $300 to $350 and kept an overweight rating, implying about 55% upside from the current price.
• Wall Street sentiment remains broadly bullish, with multiple analysts recently lifting targets or reaffirming buy ratings; MarketBeat says NVIDIA now has an average Buy rating and a target price of $278.40.
• The stock has been supported by strong fundamentals, including a recent earnings beat, 73.2% year-over-year revenue growth, and continued optimism around AI demand and data center spending.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price objective upped by stock analysts at Cantor Fitzgerald from $300.00 to $350.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the computer hardware maker's stock. Cantor Fitzgerald's price objective would suggest a potential upside of 54.98% from the stock's current price.

Several other equities research analysts have also recently commented on the stock. Citigroup assumed coverage on shares of NVIDIA in a research report on Wednesday, April 15th. They issued a "buy" rating for the company. Needham & Company LLC reiterated a "buy" rating and issued a $240.00 price target on shares of NVIDIA in a research note on Wednesday, March 18th. Rothschild & Co Redburn increased their price target on shares of NVIDIA from $245.00 to $268.00 and gave the stock a "buy" rating in a research note on Thursday, January 15th. The Goldman Sachs Group reiterated a "buy" rating on shares of NVIDIA in a research note on Thursday, May 7th. Finally, Robert W. Baird raised their target price on shares of NVIDIA from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday, February 26th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Buy" and an average target price of $278.40.

NVIDIA Trading Up 2.3%

NASDAQ:NVDA opened at $225.83 on Thursday. The company has a 50-day moving average price of $190.40 and a 200-day moving average price of $187.78. NVIDIA has a 12 month low of $129.16 and a 12 month high of $227.84. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. The stock has a market cap of $5.49 trillion, a price-to-earnings ratio of 46.09, a P/E/G ratio of 0.72 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The firm had revenue of $68.13 billion during the quarter, compared to analysts' expectations of $65.56 billion. During the same period last year, the company posted $0.89 EPS. The company's quarterly revenue was up 73.2% compared to the same quarter last year. Equities analysts predict that NVIDIA will post 7.84 EPS for the current year.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 221,682 shares of NVIDIA stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $173.68, for a total value of $38,501,729.76. Following the completion of the transaction, the director directly owned 7,399,771 shares of the company's stock, valued at approximately $1,285,192,227.28. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Dabiri sold 3,004 shares of NVIDIA stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $184.90, for a total transaction of $555,439.60. Following the completion of the transaction, the director directly owned 14,788 shares of the company's stock, valued at $2,734,301.20. This trade represents a 16.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 906,336 shares of company stock valued at $162,802,518. 4.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State Street Corp grew its stake in shares of NVIDIA by 1.2% in the fourth quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker's stock worth $184,911,111,000 after acquiring an additional 11,451,386 shares during the period. Geode Capital Management LLC grew its stake in shares of NVIDIA by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker's stock worth $109,446,217,000 after acquiring an additional 3,383,441 shares during the period. Norges Bank bought a new stake in shares of NVIDIA in the fourth quarter worth approximately $62,244,133,000. Bank of America Corp DE grew its stake in shares of NVIDIA by 1.5% in the fourth quarter. Bank of America Corp DE now owns 187,181,484 shares of the computer hardware maker's stock worth $34,909,347,000 after acquiring an additional 2,849,678 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of NVIDIA by 1.5% in the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock worth $33,808,862,000 after acquiring an additional 2,609,560 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Bank of America raised its price target on NVIDIA to $320 and kept a Buy rating, citing a larger long-term AI data center market opportunity and accelerating AI spending. NVIDIA NASDAQ: NVDA Given New $320.00 Price Target at Bank of America
• Positive Sentiment: Wells Fargo also lifted its target to $315, arguing NVIDIA still looks attractive ahead of its May 20 report, while Citi said Q1 revenue could beat consensus by about $1.4 billion. Nvidia (NVDA) Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Several pieces pointed to strong AI demand and supply constraints, including TSMC’s higher AI accelerator growth outlook and continued hyperscaler capex from Microsoft, Google, Meta, and AWS. Nvidia: A Strong Setup Ahead Of Earnings
• Positive Sentiment: Jensen Huang’s inclusion in President Trump’s China trip is also lifting the stock on hopes it could improve Nvidia’s access to China or at least support a trade breakthrough. Nvidia CEO joins Trump's mission to 'open up' China
• Positive Sentiment: Investor enthusiasm remains strong, with reports of record highs, unusual call-option buying, and fresh bullish coverage reinforcing the view that the AI trade still has room to run. Nvidia (NVDA) Exceeds Market Returns: Some Facts to Consider
• Neutral Sentiment: There are also reminders of risk: China remains a strategic overhang, and some articles noted concerns about export controls and potential volatility if trade talks disappoint. Exclusive: US clears H200 chip sales to 10 China firms as Nvidia CEO looks for breakthrough
• Negative Sentiment: Some hedge fund and asset-manager filings showed trimming of NVDA positions, which could temper sentiment at the margin, though this appears smaller than the broader bullish analyst and AI-demand backdrop. PRIMECAP Management trims Nvidia stake, sells 39K shares

NVIDIA Company Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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