Citigroup: Raises Nvidia's target price to $150

06/26 14:18

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Citigroup analyst Atif Malik maintains a "buy" rating on Nvidia and raises the target price from $126 to $150. The analyst pointed out that although major cloud service providers account for 40% of Nvidia's data center business sales, enterprise AI assistants (AIAgents) are the next wave of AI, especially in reasoning. In addition, the analyst said that Nvidia plans to produce GB200NVL72 and GB200NVL36 server cabinets in 2025.

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