Nvidia Corporation (NVDA) RBC Capital Forecasts Almost 30% Upside

Nvidia Corporation (NVDA)

Analyst Update

RBC Capital Markets reiterated their “Buy” rating on Nvidia’s stock, with analyst Srini Pajjuri maintaining an the 12 month price target of $240 per share, implying considerable upside from current trading levels and reinforcing the firm’s positive long-term outlook on the stock. The reaffirmed recommendation highlights RBC’s confidence in Nvidia’s continued dominance in AI and accelerated computing, supported by robust and durable data center demand, strong earnings visibility, and sustained margin strength. Analysts believe that NVDA’s deep software ecosystem, pricing power, and pace of innovation position it to maintain technological leadership and defend its competitive moat over the long term, even as valuation levels remain elevated.

STA Research

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