Cantor Stands Firm on Bullish Nvidia Outlook
Cantor Fitzgerald is urging investors to remain bullish on Nvidia's stock after its recent 2.1% decline, citing market pressure as a temporary setback.
Analyst C.J. Muse reiterated his Buy rating and $350 price target for the company, implying a potential 55% upside from Tuesday's close.
Muse believes that AI infrastructure spending will continue to drive Nvidia's growth, despite concerns about macroeconomic pressures, debt, and supply constraints.
He also notes that Nvidia's valuation is relatively strong compared to its peers, with the company considered the cheapest among compute companies based on 2028 earnings estimates.
Cantor sees investor positioning as supportive of the stock, with Nvidia remaining under-owned by both hedge funds and long-only investment managers.