NVIDIA stock target raised $100 by TD Cowen

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NVIDIA stock target raised $100 by TD Cowen

On Thursday, TD Cowen maintained a bullish stance on NVIDIA Corporation (NASDAQ: NVDA ), raising its price target to $1,200 from the previous $1,100, while reiterating a Buy rating on the stock. NVIDIA has reportedly experienced another quarter of significant growth, which the firm attributes to the beginnings of a "new Industrial Revolution" and a major shift in computing paradigms.

NVIDIA's revenue reached $26 billion, marking an 18% increase quarter-over-quarter and an impressive 262% growth year-over-year, surpassing the prior guidance of about $24 billion. According to TD Cowen, this performance is a testament to NVIDIA's leadership in the accelerated computing space.

The data center segment has been particularly strong, now projected to exceed $100 billion in TD Cowen's model for the fiscal year 2025. The firm suggests that the investment community may have already anticipated this performance, as demand continues to outstrip supply for NVIDIA's AI solutions.

InvestingPro Insights

In light of TD Cowen's bullish stance on NVIDIA Corporation (NASDAQ:NVDA), InvestingPro metrics and tips offer additional insights that may be of interest to investors. NVIDIA's market capitalization stands at a staggering $2550.0 billion, reflecting its significant presence in the industry. The company's P/E ratio is currently at 60.09, which, when compared to its adjusted P/E ratio for the last twelve months as of Q4 2024 at 86.3, suggests that NVIDIA is trading at a high earnings multiple. This aligns with TD Cowen's optimistic price target adjustment.

InvestingPro Tips highlight that NVIDIA is trading at a low P/E ratio relative to near-term earnings growth, indicating potential value for investors looking at earnings potential. Additionally, NVIDIA's revenue growth is particularly notable, with a 125.85% increase over the last twelve months as of Q4 2024, supporting TD Cowen's emphasis on the company's significant growth. Furthermore, with a gross profit margin of 72.72% and an operating income margin of 54.12%, NVIDIA demonstrates strong profitability metrics.

For investors seeking more comprehensive analysis, there are additional InvestingPro Tips available, such as NVIDIA's consistent dividend payments over 13 years and its status as a prominent player in the Semiconductors & Semiconductor Equipment industry. To access these insights and more, consider using the exclusive coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro. With 21 additional tips listed on InvestingPro, investors can further enrich their understanding of NVIDIA's market position and growth trajectory.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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