Jefferies Just Raised Its Price Target on Nvidia Stock
$NVIDIA(NVDA.US$ stock is on the rise on Tuesday after shares of the chipmaker got a new price target from Jefferies analyst Blayne Curtis.
The new price target from Jefferies increases its estimate from $135 per share to $150 per share. That’s a 27% potential increase compared to the stock’s prior closing price. It’s also above the analyst consensus estimate of $122.13 per share.
The new price target from Jefferies increases its estimate from $135 per share to $150 per share. That’s a 27% potential increase compared to the stock’s prior closing price. It’s also above the analyst consensus estimate of $122.13 per share.
It’s also worth mentioning that Jefferies continues to have a “buy” rating for NVDA stock. That matches up with the analyst consensus rating based on 44 opinions.
What’s Behind the New NVDA Price Target
Here’s what Curtis said about NVDA stock in a note to clients obtained by StreetInsider:
“We still think it’s too early to call any losers for 2025, but we do see growing concern for AMD’s pipeline. NVDA remains both king and kingmaker – for example, we still see growth for MRVL and ALAB alongside NVDA, but NVDA’s decisions on each generation could materially alter that.”
NVDA stock is up 3% as of Tuesday morning. That comes with more than 124 million shares traded. This is still well below its daily average trading volume of about 440 million shares.
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