Cantor Fitzgerald Stays Positive on NVIDIA, Keeps Overweight Rating

On Thursday, May 29, Cantor Fitzgerald maintained an “Overweight” rating on NVIDIA Corporation (NASDAQ:NVDA) with a price target of $200. The firm’s analyst noted that the company provided a strong outlook for the July quarter, with revenue projection at $45 billion. This exceeds the lower end of market expectations around $43 billion. While this is slightly below Cantor Fitzgerald’s earlier forecast of $46 billion, the firm believes that the company can achieve a revenue between $48 and $50 billion in the July quarter.

Cantor Fitzgerald analyst pointed out that demand for AI technologies like inference reasoning, Agentic AI, and Industrial AI is growing and that this boosts confidence in NVIDIA Corporation’s (NASDAQ:NVDA) future sales. Data Center revenue is expected to surge by at least 50% each half of the year, and Cantor Fitzgerald believes an earnings power projection of $5.00 per share in calendar year 2025 is achievable. This is above the consensus estimate of $4.26.

The firm expects that NVIDIA Corporation (NASDAQ:NVDA) can achieve earnings per share (EPS) of about $6.50–$7.00 in calendar year 2026. This is far above the consensus estimate of $5.52. While noting that there are no immediate risks, the analyst agreed with the corporation’s CEO, Jensen Huang, that a full ban on AI chip sales to China might backfire and potentially lead the country to develop its own competitors.

While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has’ a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.