Citi analysts recently included Nvidia on their list of stocks with a “positive catalyst” for the next 90 days, Business Insider reports .
The company said shares of the world’s largest chipmaker could rise as much as 27% to reach a target price of $175 by early 2025. Founder and CEO Jensen Huang is expected to deliver a keynote speech at CES 2025.
The Consumer Electronics Show runs from January 7 to 10, with Huang opening the event on January 6. His talk will be followed by a Q&A session for financial analysts on January 7.
“We see a positive catalyst ahead of the January event, where we expect Blackwell sales expectations to rise and management to discuss a turnaround in demand for enterprise and industrial robotics,” said Citi analyst Atif Malik.
Additionally, Malik expects Nvidia management to tell analysts that profit margins will likely bottom out in the April quarter and then rebound, and to talk about a “turning point around AI inference” in robotics for applications such as warehouses, manufacturing, and even humanoid robots.
Companies including Tesla , Figure.AI, and Boston Dynamics have been busy developing humanoid robots in recent years, and Nvidia’s GPUs have taken a central role in these devices.
Citi rates Nvidia shares a “buy,” raising its price target to $175 from $170 after the company reported third-quarter results last week.
Nvidia shares have risen 176% year to date amid excitement over the company’s AI-enabled graphics processors.