BNP Paribas raises Nvidia target to $345, sees up to 47% upside
BNP Paribas has kept an Outperform rating on Nvidia and lifted its target price to $345 from $285, citing the company’s full‑stack platform as a key advantage.
Key points
- BNP Paribas raises Nvidia target price to $345 from $285, keeping an Outperform rating.
- Target implies up to 47% upside from current price of $234 on Oct 2.
- BNP cites Nvidia’s Vera Rubin platform and full‑stack stack as key advantage for agentic AI.
The brokerage notes that Nvidia’s upcoming Vera Rubin platform, which integrates GPUs, CPUs, networking and other components into a rack‑scale system for agentic AI, signals the firm’s adaptation to the next stage of AI. It expects Nvidia to retain at least three‑quarters of the AI compute market in dollar terms and maintain gross margins above 70%.
The rating reflects confidence that Nvidia’s CUDA software ecosystem and NVLink hardware architecture will keep the company ahead of competitors as AI moves beyond training toward complex inference workloads.
Nvidia still 'the one' for AI? BNP Paribas raises target to $345, sees up to 47% upside
economictimes.indiatimes.com · 5 October 2026
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