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Barclays Analyst Raises Nvidia Price Target, Highlights AI Infrastructure Boom
Barclays Analyst Raises Nvidia Price Target, Highlights AI Infrastructure Boom
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BTCCSquare news:
Barclays analyst Tom O'Malley has elevated Nvidia's price target to $240 from $200, forecasting a 36% upside potential. The revision reflects accelerating AI infrastructure investments exceeding $2 trillion, with an estimated $1.5 trillion earmarked for compute and networking infrastructure where Nvidia dominates.
O'Malley projects demand for up to 19 million GPUs over five years, with Nvidia positioned as the primary beneficiary. The analyst upgraded his valuation framework to 35x 2026 earnings, citing sustained data center growth and AI adoption momentum. "This makes Nvidia the most attractive name in our coverage," O'Malley wrote, emphasizing the company's leverage to secular AI trends.
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