Nvidia: target price raised by BofA

Published: 2025-08-28 10:28:27 ET NVDA

Published on 08/28/2025 at 10:28 am EDT

Bank of America reiterates its "buy" recommendation on Nvidia with a target price raised to $235, following the AI chip specialist's Q2 earnings release.The broker considers the group to be solidly positioned in the fastest-growing technical account manager (TAM) segment for AI infrastructure and sees the potential for its EPS to reach $10 by 2027.BofA appreciates the ramp-up of Blackwell Ultra, currently at 1,000 racks per week (representing $39bn in sales per quarter) and accelerating, as well as the recovery in gross margin and opportunities in networks.