Evercore ISI Raises PT on NVIDIA (NVDA) Stock
NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 20, analyst Mark Lipacis at Evercore ISI lifted the price objective on the company’s stock from $261 to $352, while maintaining a “Buy” rating. As per the analyst, NVIDIA Corporation (NASDAQ:NVDA) has been building inventory to support larger orders, and its inventory increased 32% QoQ, with supply commitments rising 63%.
Furthermore, this setup is expected to help the company hit, or even surpass, its $500 billion goal for data center compute orders throughout 2025 and 2026. Currently, NVIDIA Corporation (NASDAQ:NVDA) has visibility to the half a trillion dollars in Blackwell and Rubin revenue from the beginning of this year through the end of CY 2026.
By executing its annual product cadence and extending the performance leadership through full-stack design, NVIDIA Corporation (NASDAQ:NVDA) expects to be the superior choice for $3 trillion – $4 trillion in annual AI infrastructure build it projects by the decade’s end. NVIDIA Corporation (NASDAQ:NVDA) announced that the Compute demand continues to accelerate and compound throughout training and inference, each growing exponentially.
In Q3 2026, revenue from Compute grew 56% YoY to $43.02 billion, mainly because of the GB 300 ramp, while networking more than doubled, considering the onset of NVLink scale-up and strong double-digit growth throughout Spectrum X Ethernet and Quantum X InfiniBand. Notably, revenue from Networking amounted to $8.18 billion.
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.