Goldman Sachs Reaffirms Nvidia Buy Rating and $300 Price Target

Goldman Sachs reaffirmed its Buy rating and $300 price target for Nvidia in an update from late October or early November; Nvidia shares fell about 9% on Nov. 5 in a broader semiconductor selloff. Goldman raised the target from $285 to $300 in August. Goldman had maintained its Buy rating and $300 price target in its Oct. 21 report after Nvidia’s GTC Berlin keynote . Goldman’s view rests on continued demand for AI infrastructure. Nvidia’s fiscal 2027 guidance includes anticipated revenue growth of 70%. Near-term concerns for semiconductor stocks included potential regulatory hurdles, elevated borrowing costs and questions about whether cloud operators would slow data-center construction. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.