Citi Lifts Nvidia Price Target to $220; TD Cowen Positive Ahead of Earnings

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Investors Are Watching. On November 12, TD Cowen reiterated Nvidia and Broadcom as “Buy.” The firm said it’s bullish ahead of Nvidia earnings next week, particularly due to the expected strength of the Blackwell Ultra uplift.

“Namely, we are positively inclined into the print on NVIDIA on the likely strength of the Blackwell Ultra uplift and the stock’s relative underperformance intraquarter. … .While we believe Broadcom and Credo are likely to report strong results as well, we see this as being largely understood and have a more muted expectation for their respective stock reactions.”

Analysts at Citi have also reiterated a buy rating on the stock with a price target of $220 from $210. The firm anticipates NVDA to report sales of $56.8 billion, surpassing analyst expectations of $54.6 billion. Nvidia is set to report its third-quarter results this week, set for release after markets close on Nov. 19.

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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