Nvidia (NVDA) Remains Top Pick at Cantor Despite Market Bubble Concerns
NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks on the Market’s Radar. On October 30, Cantor Fitzgerald reiterated an “Overweight” rating on the stock with a $300 price target. The firm said that the stock is too inexpensive to ignore despite AI bubble fears.
The firm said that despite talks of an “AI bubble,” Nvidia is still trading at roughly 21 times its projected 2026 EPS of $9–$10.
“NVDA Remains too Inexpensive to Ignore: While concerns around the AI bubble continue to dominate headlines, NVDA still only trades at 21x our updated CY26 EPS upside of $9-10. And if we look to CY27, we had previously highlighted EPS upside of $11, though clearly this is also now very conservative based on bookings trends, with a stretch goal closer to $12+; where NVDA is only trading at a 17x multiple today.”
“So we have zero concerns around any type of frothy valuation here, and with a clear path for numbers tracking meaningfully higher, NVDA remains our hands down Top Pick with plenty of room for continued upside.”
NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.
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.