Rosenblatt Reaffirms Buy on NVIDIA Ahead of Q4 Earnings

Rosenblatt analysts reiterated a Buy rating on NVIDIA (NASDAQ:NVDA) with a $220 price target, expressing confidence in the company’s upcoming earnings report and its long-term growth trajectory.

NVIDIA is set to release its fiscal Q4 2025 earnings on February 26, and the analysts expect a modest beat and upward revision to guidance, driven by continued strength in AI demand and robust sales momentum.

A key focus for investors will be updates on Blackwell, NVIDIA’s next-generation GPU architecture. The analysts anticipate management will reaffirm that Blackwell shipments will begin in fiscal Q4 2025, with demand continuing to outpace supply well into fiscal 2026. Shipments are expected to accelerate throughout the year, leading to a strong second half of fiscal 2026.

Despite rising competition from GPU and ASIC accelerator rivals, the analysts remain bullish on NVIDIA’s ability to maintain dominance in the AI and data center space, citing the company’s complex and highly valuable product roadmap.

Looking ahead, Rosenblatt sees 2025 as a pivotal year for NVIDIA, with the Blackwell ramp expected to be a key driver of growth. Investors will also be watching for further roadmap updates at the upcoming GTC event in March, where NVIDIA is likely to unveil more details on its evolving AI strategy.