Cantor Fitzgerald Raises NVDA Price Target, Keeps Overweight Rating

Core Insights - NVIDIA Corporation (NASDAQ:NVDA) is recognized as one of the 10 most profitable stocks over the last five years, with Cantor Fitzgerald raising its price target from $240 to $300 while maintaining an Overweight rating after discussions with senior executives [1][3]. Company Performance and Projections - Cantor Fitzgerald forecasts NVIDIA's earnings per share (EPS) to reach $8 by 2026 and $11 by 2027, significantly higher than consensus estimates of $6.26 and $7.36, respectively [4]. - The firm anticipates that NVIDIA will capture at least 75% of the AI accelerator market over time, indicating strong market positioning [4]. Market Outlook - The AI market is characterized as being in the early stages of a multi-trillion-dollar infrastructure build-out, with hyperscalers expected to generate hundreds of billions in demand in the coming years [2]. - NVIDIA's recent partnership with OpenAI is expected to enhance OpenAI's capabilities as a self-hosted hyperscaler, further solidifying NVIDIA's role in the AI ecosystem [3].