Jefferies hikes Nvidia price target on ’scramble to secure’ AI compute demand By Investing.com
Update: 2025-11-04
Description
**Summary:**Jefferies upgrades Nvidia's price target to $240, citing stronger-than-expected demand for AI chips and a clear order pipeline. Despite removing Nvidia from its Franchise Picks list, Jefferies maintains a Buy rating due to Nvidia's leading position in AI hardware and growing deals with major tech companies. With a projected $500 billion in AI hardware orders, Jefferies raises its earnings outlook for Nvidia, predicting nearly $384 billion in sales by 2027.
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