Key Points:
- Tigress Financial analyst Ivan Feinseth maintains a “buy” rating on Nvidia and raises the price target from $790 to $985 per share.
- Nvidia is recognized for its leadership in advanced GPUs and accelerated processing technologies, driving growth in the data center and AI sectors.
- The new price target suggests a potential 27% increase from the current stock price.
- As AI adoption expands across industries, Nvidia is poised to benefit from sustained revenue and cash flow growth.
In a recent research note, Tigress Financial analyst Ivan Feinseth reaffirmed the “buy” rating on Nvidia (NASDAQ: NVDA) and raised the one-year price target from $790 per share to $985, emphasizing the company’s leadership in the artificial intelligence (AI) sector.
Feinseth highlighted Nvidia’s stronghold in advanced graphics processing units (GPUs) and accelerated processing technologies, which drive the data center and AI revolution. The firm expects robust demand in both segments, particularly in data centers, where Nvidia’s GPUs are pivotal.
Despite Nvidia’s significant stock appreciation over the past year, Tigress Financial believes there is still substantial upside potential. With Nvidia currently trading around $777 per share, the new price target implies a potential 27% increase in the near term.
The AI sector’s growth potential underscores Nvidia’s promising outlook. Feinseth noted that AI is on the brink of widespread adoption, positioning Nvidia favorably to capitalize on this technological shift. As AI applications proliferate across industries, Nvidia stands to benefit from sustained revenue and cash flow growth.
Nvidia’s impressive financial performance further bolsters investor confidence. After reporting a remarkable 265% year-over-year sales growth in fiscal 2024, the company anticipates revenue in the first quarter to surge approximately 234% to $24.0 billion. This robust growth trajectory underscores Nvidia’s continued momentum and market dominance.
For long-term investors seeking exposure to the AI market, Nvidia remains an attractive investment opportunity. With its leading position in GPU technology and accelerating demand for AI solutions, Nvidia is well-positioned to deliver substantial returns over time.
