Susquehanna Analyst Raises Nvidia Price Target Ahead of Q3 Earnings
Nvidia (NVDA) returns to the analyst spotlight as Susquehanna's Christopher Rolland lifts his price target to $230, citing 23% upside potential. The bullish revision reflects confidence in the company's AI data center growth, particularly with the upcoming rollout of next-gen GB300 chips.
Demand for Nvidia's data center business remains robust, fueled by aggressive capex increases from cloud giants. Industry projections suggest a 69% year-over-year spending surge in 2025, with another 24% growth anticipated for 2026. Supply chain indicators reinforce this optimism—Foxconn achieved its full-year 2025 AI server revenue target three quarters early.
The Blackwell Ultra chips, carrying 14% higher average selling prices according to internal analysis, represent Nvidia's next revenue catalyst. This product cycle aligns with accelerating enterprise adoption of AI infrastructure across global markets.
