Cantor Fitzgerald Reiterates Overweight Rating on Nvidia Amid Strong Growth Outlook

Cantor Fitzgerald has reaffirmed its Overweight rating on Nvidia Corp. (NVDA), setting a price target of $350.00. The firm maintained this optimistic outlook following a recent non-deal roadshow, despite the stock trading near its 52-week high at $233.95. Analysts at Cantor Fitzgerald believe the company is undervalued at current levels, citing consensus estimates that they consider too low. They anticipate another strong growth year for Nvidia, extending into 2028, supported by an 83% revenue growth over the last twelve months and a PEG ratio of 0.23, suggesting attractive valuation relative to its growth.

The research firm expects Nvidia’s revenue share to increase through 2027 and 2028, describing the stock as positioned for a catch-up trade. The $350.00 price target remains unchanged from Cantor Fitzgerald’s previous assessment. Additionally, Stifel highlighted AMD’s potential for strong earnings, focusing on its acquisition of World Labs and the Helios project. Nvidia’s CEO, Jensen Huang, faced criticism from Pope Leo XIV over AI safety concerns, despite the company launching new security tools.

CME Group announced plans to introduce futures contracts for AI compute capacity, aiming to standardize compute trading similar to commodities like oil. This aligns with Boston Consulting Group’s projection that the AI compute market will grow significantly by 2030. Meanwhile, major global pension funds from Australia, Canada, and the UK have reduced their US equity holdings due to concerns over high valuations and the concentration of AI companies.