RBC Capital Markets initiated coverage of NVIDIA (NVDA) stock with an "Outperform" rating. The firm set a price target of $240, implying a potential 31% upside from the stock’s price on January 15th.
RBC based its positive outlook on the belief that the chipmaker remains a clear winner in the semiconductor industry despite growing competition. Analyst Srini Pajjuri noted that NVIDIA’s comprehensive platform—which features chips, networking, software, and systems—acts as a key differentiator.
Separately, Gene Munster of Deepwater Asset Management expressed a similarly bullish view. Munster forecasts that NVIDIA’s 2026 revenue growth will likely exceed Wall Street’s consensus estimates, citing strong signals from the company and its key supplier, TSMC.