09:35 AM EST, 03/05/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We boost our 12-month target to $1,000 from $840, on a higher revised P/E of 32x our CY 25 EPS view, above peers but below historical. We up our FY 25 (Jan.) EPS estimate to $25.00 from $23.40 and FY 26's to $31.25 from $28.00. We see upside to consensus expectations looking ahead, as NVDA ramps its next generation GPUs that already appear to be supply constrained well into CY 25 and should come at more favorable price points (most notably Blackwell, as spec details have yet to emerge). Commentary from the likes of both Dell and HP Enterprise last week indicate that momentum for AI workloads is expanding across the enterprise space while greater penetration for edge computing further drives the bullish case for NVDA's total addressable market expansion over the next decade. A potential return of China demand (approval to sell H20, L20, and L2) and the launch of the H200 in Apr-Q should once again drive revenue/EPS upside. Elevated margins will support FCF that will likely exceed $50B over the next 12 months.