Citi Reiterates Buy Rating on NVIDIA (NVDA)

Citi analyst Atif Malik reiterated a Buy rating and $163.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "NVIDIA will host its flagship GTC conference next week with Jensen’s keynote on Tuesday 3/18 and Financial Analyst Q&A on Wednesday 3/19. We believe the investor focus is on Blackwell Ultra and Rubin specs, specifically inference performance vs the custom ASIC solutions. Stock specific, risk/reward looks attractive with stock trading below historical P/E trough of 19x and now fully derisking ~28% sales exposure to both China and Singapore on AI diffusion rules per our math. That said, we believe investors are looking for a clearance event on the AI restrictions and tariffs impact to gross margins, which we don’t believe Nvidia is in a position to comment currently. Maintain Buy."

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.

Shares of NVIDIA closed at $108.76 yesterday.

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