Evercore Lifts Nvidia (NVDA) Target, Says It Remains the ‘AI Ecosystem of Choice’

Nvidia remains the firm’s “Top Pick” pursuing Q3 net supported by reaccelerating gross maturation and improved merchandise availability. According to Evercore ISI, Nvidia remains the “AI ecosystem of choice”, with GB200 and GB300 availability greatly improved.

Blackwell compute gross has accrued an estimated 48% quarter-over-quarter, a much than $13 cardinal successful maturation compared to July quarter.

“Revs Reaccelerating — Reiterate OP. We reiterate our Outperform standing and are expanding our estimates and raising our Price Target from $261 to $352, reflecting 35x our Base Case C2030 EPS of $14.74 discounted backmost to 2026. Results were accordant with our transmission checks which indicated that NVDA remains the AI ecosystem of prime and that GB200 and GB300 availability had greatly improved — with Blackwell revs expanding by astir 50% QoQ (or $13bn+).”

While proviso remains tight, the steadfast believes that Nvidia’s 32% summation successful inventory and 63% QoQ summation successful proviso commitments volition let it to enactment its $500 cardinal information halfway compute orders successful 2025-26.

“Importantly, we exemplary revenues accelerate from 56% maturation successful Jul-25Q to 79% successful the Jul-26Q, which we expect volition enactment a premium P/E of 35x. Based connected AH pricing, NVDA trades astatine a 25x P/E — astir 30% discount vs 9yr median of 35x. We judge risk/reward remains charismatic and NVDA remains our Top Pick.”

The analysts besides added however the institution modeling $493B successful full 2025 and 2026 revenues is “potentially blimpish fixed existent trends.”

NVIDIA Corporation (NASDAQ:NVDA) specializes successful AI-driven solutions, offering platforms for information centers, self-driving cars, robotics, and unreality services.

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