BNP Paribas lifts Nvidia target to $345 on AI strength
In short
BNP Paribas raised its Nvidia target price to $345. It said Nvidia is strong in AI work and networking, and that the company plans more stock buybacks.
The note suggests more upside for the shares, but the report does not give the current price or say when the target applies.
What the reporting says
BNP Paribas raised its target price on Nvidia to $345, according to the publisher-supplied summary, citing the chipmaker’s strengths in AI workloads and networking. The note also said Nvidia plans to continue stock buybacks to support its market position amid rising competition. The report does not state the current share price or say when the target takes effect, but it points to continued bullish sentiment.
Why it matters
The publisher-supplied summary says BNP Paribas increased its Nvidia target price to $345, pointing to the company’s advantage in AI workloads and networking. It also says Nvidia plans to keep buying back stock to support its market position as competition grows. The report suggests upbeat expectations for the shares, but it does not provide the current price or any date for the target.