Raymond James Raises Nvidia Price Target to $352 on CPU Growth Potential
Yahoo Finance ·
Investment firm Raymond James has reaffirmed its Strong Buy rating on Nvidia while boosting its price target to $352 from $330. The brokerage highlights that Nvidia's central processing units could emerge as a major growth catalyst, potentially transforming the company into a dominant global CPU revenue leader within several years. Although CPUs currently represent about 3 percent of total sales, that share could climb to approximately 5 percent by calendar 2028 amid surging demand for agentic artificial intelligence workloads and integrated computing architectures. From a valuation perspective, Nvidia trades at under 15 times projected 2027 GAAP earnings, which is cheaper than the S&P 500 multiple of roughly 18.6 times. The firm's target applies a 22-times multiple to calendar 2028 estimates. Nvidia shares have advanced about 12 percent year to date. Key metrics to monitor include CPU revenue contribution, platform adoption, and hyperscaler demand as the company expands its addressable market beyond GPUs.
AI 시장 분석
Raymond James maintained its Strong Buy rating on NVIDIA (NVDA) and raised its price target from $330 to $352. The firm projects that beyond the traditional GPU-centric business, the CPU business will grow to account to 5% of total revenue by 2028, emerging as a new core revenue stream. Trading at less than 15 times expected 2027 GAAP net income, valuation appeal is highlighted.
상승 영향
- Semiconductors — Raymond James raised its price target to $352 and presented a strong growth outlook for the CPU business, increasing NVDA's upside potential.
- AI — The expansion of agentic AI workloads and increased demand for unified computing platforms enable NVIDIA to capture more value per AI system.
DYAX 전담 분석
Raymond James projects that NVIDIA's CPU revenue share will expand from the current 3% to 5% by 2028, driven by increased demand for unified computing platforms following the expansion of agentic AI workloads. Market share expansion through a unified architecture will act as a stock price growth driver.
In the bull case, rapid growth in the CPU segment combined with robust GPU demand will lead to a corporate valuation re-rating, achieving the $352 price target. On the other hand, a slowdown in AI spending or sluggish platform adoption could weigh on valuation, making close monitoring of CPU revenue share trends essential.
AI가 생성한 분석으로 투자 자문이 아닙니다.
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