Nvidia Corp. (NVDA) Raymond James Stays Bullish with a “Strong Buy” Rating

Nvidia Corp. (NVDA) Raymond James Stays Bullish with a "Strong Buy" Rating

Nvidia Corp. (NVDA)

Analyst Update

Raymond James maintained its “Strong Buy” rating on Nvidia’s stock,  with a 12 month target forecast of $272.00 per share, following CEO Jensen Huang’s CES keynote. The analysts noted that while there were no major new announcements, the presentation reinforced confidence in Nvidia’s market leadership and the broader artificial intelligence trend. Raymond James highlighted Huang’s comments that demand remains strong and pointed to robust December sales from key partner Hon Hai as supportive of potential upside.

Raymond James also emphasized Nvidia’s long-term supply chain planning, which suggests the company has secured critical components despite industry concerns around memory chip constraints. Nvidia confirmed that its next-generation Vera Rubin platform is now in full production, with initial revenue expected in the second half of 2026, and highlighted its significantly higher computing power versus the current Blackwell generation. Raymond James also cited Nvidia’s growing focus on “Physical AI” and clarified that the company’s DGX Cloud strategy is intended to showcase flexibility rather than compete with customers.

Stock Forecast

The stock’s outlook remains highly constructive, underpinned by both technical and fundamental indicators. Technically, the stock is producing a “Strong Buy” signal suggesting sustained positive momentum, with trend and momentum indicators pointing to continued strength rather than exhaustion. This implies the stock is trading in a favorable technical setup that typically attracts incremental institutional interest.

On the fundamental side, analyst sentiment is firmly positive, with a consensus “Strong Buy” rating reflecting confidence in earnings visibility, competitive positioning, and longer-term growth drivers. The 12 month target forecast of $254 per share, implies roughly 35% upside, which indicates that analysts believe current valuation does not fully reflect the company’s forward growth potential. Overall, the alignment between bullish technical signals and strong analyst conviction supports a favorable risk-reward profile, particularly for investors seeking exposure to a high-conviction growth stock.

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