Nvidia Corporation (NVDA)
CICC Research raised its 12 month price target to $240.00 from $228.00 and reiterated an Outperform rating on Nvidia’s stock. The increase reflects stronger revenue and earnings expectations driven by continued demand for Nvidia’s AI-accelerated computing platforms, including data center GPUs for hyperscalers and enterprise AI deployments. CICC highlighted Nvidia’s pricing power, margin durability, and the strength of its software ecosystem as key factors supporting the higher target, signaling that the recent pullback is viewed as technical rather than fundamental, with substantial upside implied from the new target.
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