06:49
Goldman Sachs: Maintains "Buy" rating on Nvidia, 12-month target price $200
Jin10 Data reported on August 28 that Goldman Sachs stated in its latest report that NVIDIA (NVDA.O) latest financial report and guidance for the next quarter, although stable and generally in line with Wall Street expectations, may still struggle to meet the previously high market expectations, potentially leading to downward pressure on its stock price in the short term. Goldman Sachs analysts believe that the market has largely priced in the growth potential brought by its new generation Blackwell architecture chips. However, Goldman Sachs still maintains a "Buy" rating on NVIDIA and set a 12-month price target of $200. This target price is based on an estimated normalized earnings per share of $5.75 and a price-to-earnings (P/E) ratio of 35 times. The report also pointed out four key downside risks that investors need to be cautious of: a slowdown in AI infrastructure spending, intensified competition leading to market share loss, competition damaging profit margins, and supply chain constraints.