Major Bank Ratings | Jefferies Raises Nvidia Target Price to $275, Blackwell and Rubin to Become Key Growth Drivers

Glonghui, January 19th｜Jefferies has released a research report, raising Nvidia's target price from $250 to $275 and reiterating its "Buy" rating. Analyst Blayne Curtis expressed optimism about Nvidia's Blackwell chip and Rubin platform, believing that these two products will become important growth drivers for the company in the future. In the base case scenario, the analyst expects Nvidia to continue maintaining its dominant position as the leading supplier of data center accelerated computing solutions, while its overall gaming business total addressable market (TAM) will also expand at a double-digit compound annual growth rate (CAGR).