Investment Bank Cuts NVDA Price Target But Remains Bullish on the Name

Investment bank TD Cowen lowered its price target on Nvidia (NVDA) stock to $140 from $175 today but kept a Buy rating on the shares.

NVDA Has Many Positive Attributes, TD Cowen Says

The chip maker should be boosted by its strong technology, while the firm’s long-term outlook is positive, according to the investment bank.

NVIDIA (NVDA) Still a Strong AI Bet Amid Market Volatility, Says Bernstein

Moreover, the company’s top line has been growing rapidly, and it should get a lift from its upcoming launch of GB200-based NVL72 racks, TD Cowen believes.

TD Cowen notes that, over this quarter and the subsequent quarter, NVDA’s financial results will primarily be driven by its new Blackwell chip. The demand for this chip has reportedly been quite strong.

TD Cowen identifies NVDA stock as its top pick within the computing sector.

More About NVDA

Analysts on average expect the company’s earnings per share to jump to $4.53 this year and $5.72 in 2026 from $2.99 in 2024.

In the last month, the shares have fallen 14%, while they have dropped 29% in the last three months.

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This article is originally published at Insider Monkey.