7/104 sources · 3 publishersUpdated Oct 8, 21:24 UTC
BNP Paribas lifts Nvidia price target to $345 from $285
BNP Paribas raised its price target for Nvidia to $345, up from $285, citing the company's dominant AI hardware, software and networking portfolio and the upcoming Vera Rubin platform. The brokerage expects Nvidia’s gross margins to stay above 70% and sees roughly 47% upside from the October 2 closing price. The upgrade reaffirms Nvidia as BNP Paribas’s top semiconductor pick.
Why it matters
BNP Paribas notes that the new target implies about 47% upside from Nvidia’s October 2 close of $234, suggesting a sizable potential gain for investors. The firm’s view reflects confidence in Nvidia’s AI market position and margin outlook.
Key facts
- 1BNP Paribas raised Nvidia’s price target from $285 to $345. gurufocus.com
- 2The target implies 47% upside from Nvidia’s October 2 closing price of $234. finance.yahoo.com
- 3BNP Paribas expects Nvidia’s gross margins to remain above 70%. gurufocus.com
- 4The brokerage highlighted Nvidia’s upcoming Vera Rubin platform as a growth driver. finance.yahoo.com
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.