Loop Capital: NVIDIA Still Has Room to Rise, Target Price Raised to $350

BlockBeats News, November 3, U.S. investment bank Loop Capital raised NVIDIA's (NVDA.O) target price from $250 to $350, implying a 73% upside potential, and maintained a "Buy" rating. Analyst Ananda Baruah predicts that by early 2026, NVIDIA's GPU shipments will double to 2.1 million units, coupled with a price increase trend that is expected to drive revenue growth. Baruah pointed out that NVIDIA is leading a new wave of AI "golden boom," but cautioned about risks related to power supply, infrastructure, and regulatory policies. He believes the company will remain strong during the Blackwell chip cycle, with a long-term target price potentially reaching $400. NVIDIA's stock price has risen 51% year-to-date and gained another 2% in pre-market trading on Monday. Currently, out of 66 analysts, 60 have given a "Buy" rating, reflecting sustained market optimism. (Jin10)