BNP Paribas raises Nvidia target to $345 and keeps Outperform
In short
BNP Paribas kept its Outperform rating on Nvidia and raised its price target to $345 from $285. The firm says that would still leave about 47% upside.
This matters for Nvidia investors because the broker thinks its AI products can keep it ahead. The report does not say how the stock moved right away.
What the reporting says
BNP Paribas has kept its Outperform rating on Nvidia and raised its target price to $345 from $285, implying 47% upside, according to a publisher-supplied summary. The brokerage cited Nvidia’s full-stack AI platform, including GPUs, networking and software, as support for its market leadership. The immediate market reaction is not stated in the available reporting.
Why it matters
BNP Paribas has raised its Nvidia target to $345 from $285 while keeping an Outperform rating, based on its view that Nvidia’s AI platform can handle more complex inference workloads and preserve leadership. The note is relevant to chip investors and the broader AI trade. The available reporting does not mention a price reaction or any change in earnings estimates.