Citi Raises Nvidia (NVDA) Target to $220 and Opens Positive Catalyst Watch

NVIDIA Corporation (NASDAQ:NVDA) is one of the Trending AI Stocks on Wall Street.  On November 10, Citi reiterated the stock as “Buy” and raised its price target to $220 per share from $210. The firm has also opened a positive catalyst watch on the stock ahead of its third-quarter earnings announcement on November 19.

“We open an Upside 30-day ST View on NVDA shares on ‘beat and raise’ results. Maintain Buy.”

The firm is confident that Nvidia will outperform expectations in the upcoming earnings.

“We revise our Oct-Q estimates by +11% following stronger-than-expected AI investments showcased by NVDA’s announcement of already reaching 6M units of Blackwell.”

Analyst Atif Malik has revised his forecast for the 2028 data center semis total addressable market, now seeing it reach $654 billion, or 16% higher than his prior expectation of $563 billion.

“We expect ‘beat and raise’ Oct-Q results on 11/19. We model Oct-Q sales of $57B above Street ~$55B and expect Jan-Q guide of $62B vs Street ~$61B. We believe stock’s current P/E of 28x looks attractive vs AI peers’ AVGO/AMD 38x/37x respectively.”

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

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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