BofA raised the firm’s price target on Nvidia (NVDA) to $190 from $165 and keeps a Buy rating on the shares. The firm raised its calendar year 2025 and 2026 pro-forma EPS estimates by 13% and 20%, respectively, citing confidence in the company’s competitive lead and “generational opportunity” given recent industry events, including TSMC’s (TSM) results, AMD’s (AMD) AI meeting, the firm’s meetings with Broadcom (AVGO), Micron (MU) and optical experts and capex commentary from top hyperscalers, as well as Nvidia’s own comments about the “insane Blackwell demand,” the analyst tells investors.
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