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Citi Raises Nvidia (NVDA) Forecast Ahead of Q3 FY26 Earnings

Citi Raises Nvidia (NVDA) Forecast Ahead of Q3 FY26 Earnings

Author:

Global Cryptocurrency

Published:

2025-11-10 22:38:02

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BTCCSquare news:

Citibank analysts have lifted their price target for Nvidia (NVDA) to $220 from $210, maintaining a Buy rating as the chipmaker approaches its Q3 FY26 earnings report. NVDA shares closed at $199.05, up 5%, despite recent turbulence in AI-related stocks.

The broader AI sector faced a sell-off in November, sparking debates about overvaluation. Goldman Sachs' Brittany Boals Moeller countered bubble concerns, stating, "We do not think we're in a bubble," while acknowledging potential winners and losers in the space. This institutional confidence suggests sustained growth potential for AI technologies.

Nvidia's resilience highlights its position as a bellwether for AI infrastructure demand. As younger generations increasingly adopt AI tools, selective investment in proven players like NVDA may offer strategic advantages during market volatility.

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