"With the major indices rocketing higher on cooling trade tensions, inflation, hot earnings, and unstoppable AI momentum, analysts are still upgrading big tech names. Nvidia (NASDAQ: NVDA): Loop Capital just reiterated its buy rating on the stock, with a price target of $350 a share, up from $250. The firm believes NVDA is about to begin a GPU ramp-up that could double its unit shipments over the next year."
"Goldman Sachs reiterated its buy rating on NVDA with a price target of $240 from $210 ahead of earnings, as well. The firm believes investor expectations have increased heading into NVDA earnings thanks to multiple AI infrastructure announcements. The firm also believes NVDA will provide a beat and raise quarter. Helping, Nvidia is up on news that Microsoft secured export licenses from the Trump Administration to ship NVDA chips to the United Arab Emirates."
"Palantir (NASDAQ: PLTR): Analysts at Wedbush just reiterated an outperform rating on Palantir ahead of its earnings. The firm raised its price target on PLTR to $230 from $200. The firm believes PLTR is a core winner in the AI race, with the potential for a $1 trillion market cap. It also expects PLTR to show continued progress as the company expands its AI offerings with commercial and government customers. Cisco (NASDAQ: CSCO): Analysts at UBS just upgraded Cisco to $88 a share from $74."
Major technology companies received analyst upgrades and higher price targets amid cooling trade tensions, easing inflation, strong earnings, and accelerating AI adoption. Nvidia saw buy reaffirmations and raised targets, with expectations of a GPU ramp-up that could double unit shipments and likely beat-and-raise results, aided by Microsoft securing export licenses to ship NVDA chips to the UAE. Wedbush raised Palantir's target to $230, calling it a core AI winner with potential for a $1 trillion market cap. UBS upgraded Cisco citing surging infrastructure demand and AI orders at hyperscalers that could drive fiscal 2026 revenue toward $60 billion. Stifel initiated a buy on Intuitive Machines with an $18 target.
Read at 24/7 Wall St.
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