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Jefferies: Raises Nvidia target price to $240 based on strong AI demand
Jin10 reported on November 4 that investment bank Jefferies raised the target price for NVIDIA (NVDA.O) from $220 to $240, citing a surge in global AI Computing Power demand and improved order visibility. The firm maintains a “Buy” rating but has removed NVIDIA from its “Core Selections” list. Analyst Blayne Curtis pointed out that NVIDIA remains a leader in the AI accelerator space, with major companies like Google, OpenAI, and Anthropic competing for Computing Power resources. Jefferies currently forecasts that the order scale will reach $500 billion in 2025-2026 and has raised its revenue forecasts for 2026 and 2027 to $293 billion and $384 billion, respectively, expecting earnings per share to exceed $10 by 2027.