Cantor Fitzgerald Reaffirms 'Overweight' Rating for Nvidia Amid Strong Demand Growth

Cantor Fitzgerald has reaffirmed its 'Overweight' rating for Nvidia, maintaining a price target of $350.00 per share.

The investment firm hosted investor meetings with Nvidia management in New York City last week, where they discussed demand growth across various customer segments and the company's role in enabling Agentic AI.

Nvidia CEO Jensen Huang highlighted the vision for semiconductor revenues to reach $20 trillion over time, which Cantor Fitzgerald believes has a high probability of materializing given the current demand backdrop.

The firm updated its model to reflect this growth potential and increased earnings per share estimate for calendar year 2028 to $26.00, justifying a price target of $350.00 or about 13 times that estimate.