Goldman Sachs: Maintains "Buy" rating for Nvidia, 12-month target price set at $200
Jinse Finance reported that Goldman Sachs stated in its latest report that although Nvidia's (NVDA.O) latest financial results and next quarter guidance are solid and generally in line with Wall Street expectations, they may still fall short of the market's previously high expectations, potentially putting short-term downward pressure on its stock price. Goldman Sachs analysts believe that the market has largely priced in the growth potential brought by its next-generation Blackwell architecture chips. However, Goldman Sachs still maintains a "Buy" rating on Nvidia and has set a 12-month target price of $200. This target price is based on an estimated standardized earnings per share of $5.75 and a price-to-earnings (P/E) ratio of 35 times. The report also points out four key downside risks that investors need to be wary of: a slowdown in AI infrastructure spending, intensified competition leading to loss of market share, competition impacting profit margins, and supply chain constraints. (Golden Ten Data)
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