Cantor Fitzgerald Raises NVDA Price Target, Keeps Overweight Rating

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Most Profitable Stocks of the Last 5 Years. On October 9, Cantor Fitzgerald increased its price target for NVIDIA Corporation (NASDAQ:NVDA) from $240 to $300 while keeping an Overweight rating after meeting with the company’s CEO Jensen Huang, CFO Colette Kress, and other senior executives.

The investment firm stressed that the AI market is “not a bubble” and described the market as being in its early stages of a multi-trillion-dollar infrastructure build-out. The firm believes that hyperscalers alone offer visibility into hundreds of billions in demand in the coming years.

Cantor Fitzgerald also noted NVIDIA Corporation’s (NASDAQ:NVDA) recent partnership with OpenAI, which is expected to help OpenAI establish itself as a self-hosted hyperscaler.

The firm forecasts NVIDIA Corporation’s (NASDAQ:NVDA) EPS to reach $8 by calendar year 2026 and $11 in 2027. This is much higher than the consensus estimates $6.26 and $7.36, respectively. Cantor Fitzgerald also believes the company will capture at least 75% of the AI accelerator market over time.

NVIDIA Corporation (NASDAQ:NVDA) is an American multinational technology company known for producing graphics processing units (GPUs), AI hardware and software, and high-performance computing (HPC) solutions.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.