Nvidia (NVDA) Target Raised to $200 by Barclays Amid Blackwell Ramp, AI Cloud Expansion

June 17, 2025 01:40 PM PDT | By EODHD

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Nvidia (NVDA) Target Raised to $200 by Barclays Amid Blackwell Ramp, AI Cloud Expansion — Image source: Kalkine Media

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Nvidia (NVDA, Financials) received a price target upgrade from Barclays on Monday, with analysts citing stronger-than-expected Compute segment growth and expanding Blackwell chip production. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Barclays raised its target to $200 from $170 and maintained an Overweight rating, forecasting Nvidia will beat consensus revenue estimates by $2 billion for the July quarter. The firm now expects Q3 revenue to reach $42 billion and Q4 to hit $48 billion, compared to Wall Street's estimates of $40.8 billion and $46.2 billion, respectively. The revision comes as Blackwell chip production scales, reaching 30,000 wafers per month in June.

Though below the firm's earlier forecast of 40,000, Barclays said utilization rates remain healthy and expects ramped system sales to comprise nearly half of total revenue by October. The forecast boost aligns with positive supply chain feedback and accelerating enterprise AI demand. Nvidia's collaboration with Deutsche Telekom to build Europe's first industrial AI cloud also signals geographic expansion. The project involves 10,000 chips from Nvidia and is expected to complete by 2026. Nvidia is excluding China from revenue guidance amid U.S.

restrictions, CEO Jensen Huang confirmed. Competitors like Advanced Micro Devices (AMD, Financials) are stepping up AI chip efforts, with new MI350 and MI400 series launches, but analysts suggest Nvidia's ecosystem remains dominant. Investors should monitor upcoming Blackwell Ultra volumes and progress on European cloud deployments for near-term catalysts. This article first appeared on GuruFocus. View Comments

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