"Stifel reiterated its buy rating on the tech giant with a price target of $250 from $212 a share. "CEO Jensen Huang's recent keynote at GTC Washington D.C. outlined the company's ongoing positioning as the backbone of AI infrastructure underpinned by more than $500bn in cumulative order book for Blackwell and Rubin infrastructure spanning 2025-2026," said the firm, as quoted by CNBC. "With consensus (and our) expectations incorporating Mr. Huang's commentary, expectations remain elevated.""
"The firm pointed to MP's unique position as the biggest rare earth miner in the Western Hemisphere with a particular specialty in producing neodymium-praseodymium oxide, a raw material used to make magnets for electronics. The firm is also pleased with the company's partnership with the U.S. government to accelerate the development of domestic rare earths. In the agreement, the Department of Defense will, for the next 10 years, guarantee a price floor of $110 per kilogram for MP's neodymium-praseodymium oxide."
Multiple firms reiterated buy or outperform ratings on Nvidia and raised price targets, including Stifel ($250), Oppenheimer ($265), Rothschild ($245), Citi ($220), and others. Firms cited Jensen Huang's GTC keynote, Blackwell and Rubin infrastructure orders exceeding $500bn cumulatively for 2025-2026, and elevated consensus expectations, with Citi forecasting $56.8 billion in sales versus $54.6 billion consensus. Goldman Sachs assigned a buy rating on MP Materials, highlighting its Western Hemisphere rare-earth position, neodymium-praseodymium oxide production, and a DoD agreement guaranteeing a $110/kg price floor for ten years. Jefferies upgraded DoorDash to buy with a $260 target.
Read at 24/7 Wall St.
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