Cantor Fitzgerald reiterates Nvidia stock rating on AI demand growth

Cantor Fitzgerald has maintained its Overweight stock rating and set a $350.00 price target on Nvidia (NASDAQ:NVDA) following meetings with investors in New York City. The company, currently valued at $5.51 trillion, is experiencing growth in demand across its expanding customer base, playing a role in enabling Agentic AI across various industries, and contributing to a significant portion of overall IT capital expenditure spending with each new system generation, particularly for hyperscalers.

Analysts from Cantor Fitzgerald anticipate a more than 70% growth in the company's revenue for the calendar year 2027, aligning with their belief in Nvidia's long-term vision of $3-4 trillion in compute spend by 2030. The investment firm has adjusted its projections to account for robust demand and technological advancements, pricing the stock at 13 times its updated earnings per share estimate for the calendar year 2028, which stands at $26.