April 14 – Nvidia (NASDAQ:NVDA) closed more than 3% higher on Friday, snapping a recent losing streak as easing U.S.-China trade tensions lifted sentiment. The U.S. announced late Friday that sectors including semiconductors would be exempt from retaliatory tariffs, which had weighed on Nvidia due to its exposure to Chinese supply chains.
Despite Friday’s rebound, Nvidia remains down nearly 20% year-to-date. However, Wall Street remains largely optimistic. Analysts tracked by GuruFocus set a 12-month average price target of $169.6, implying a 52.9% upside from current levels.
Separately, Citi’s Atif Malik on April 11 trimmed his price target to $150 from $163, citing weaker GPU demand due to hyperscaler budget cuts. Still, Citi kept a “Buy” rating and noted Nvidia could benefit from regional trade exemptions.
UBS maintained its $185 target the same day, pointing to Taiwan’s strong export data and continued AI-driven demand in data centers. TD Cowen also lowered its target from $175 to $140 but reaffirmed Nvidia as its top compute pick.
KeyBanc, on April 8, reiterated an “Overweight” call and a $190 target, citing short-term supply issues but strong revenue momentum ahead.
This article first appeared on GuruFocus.