Cantor raises Nvidia price target to $350

Cantor Fitzgerald raised its price target on Nvidia to $350 from $300 on May 14 and kept an overweight rating, according to multiple published reports on the analyst note. The call landed less than a week before Nvidia's scheduled first-quarter fiscal 2027 earnings report on May 20. Reports on the note said analyst C.J. Muse tied the higher target to sustained demand for AI compute and supply that he expects to remain tight through 2027. Nvidia has not publicly posted Cantor's note on its investor site, but the timing of the firm's higher target and the earnings setup were reflected in market coverage. ### Who raised the target, and to what level? Cantor Fitzgerald was the firm that lifted the target, and $350 was the new price objective cited in reports published on May 14. StreetInsider and other market outlets identified C.J. Muse as the analyst and said the firm maintained its overweight rating on the stock. Reports on the note said the prior target was $300. (streetinsider.com) A $350 target put Cantor among the more bullish firms covering Nvidia at the time of the note. MarketBeat said Nvidia's average analyst target was materially lower, though that figure can move as firms update models. Finbold, citing TipRanks data, also said Cantor's increase came alongside other recent upward revisions from firms including TD Cowen and UBS. (streetinsider.com) ### What was Cantor's stated reason for the higher target? Published summaries of the note said Muse pointed to tight AI compute supply and demand visibility extending into 2027. Benzinga reported that Muse expected Nvidia to post a "beat-and-raise" quarter and said compute supply appeared sold out through 2027. Other reports said the analyst tied that view to continued spending by hyperscale data-center customers and demand for Nvidia's newer product cycle. (marketbeat.com) Nvidia's own most recent quarterly release gives context for that demand argument. On February 25, Nvidia reported fourth-quarter fiscal 2026 revenue of $68.1 billion and said it expected first-quarter fiscal 2027 revenue of about $78.0 billion, plus or minus 2%. In the same release, Chief Executive Jensen Huang said "computing demand is growing exponentially" and highlighted Grace Blackwell systems and the future Vera Rubin platform. (benzinga.com) ### Why are Blackwell chips at the center of the setup? Blackwell demand has become a focal point because analysts are using it as a read-through on whether Nvidia can keep converting AI infrastructure spending into revenue growth. Published earnings previews said investors were watching the transition from older products to Blackwell systems and, beyond that, the path toward Vera Rubin. The Motley Fool said forward guidance would be the key figure in the May 20 report because it would show how much hyperscaler spending Nvidia is capturing during that transition. (investor.nvidia.com) Jensen Huang has also been explicit in Nvidia's own disclosures about the importance of the Blackwell line. In the February 25 earnings release, Huang said Grace Blackwell with NVLink was "the king of inference today" and said Vera Rubin would extend that position further. That language has fed analyst focus on product mix and supply availability heading into the next print. (fool.com) ### Where does China fit into the story? China remains a risk factor because export controls have already affected Nvidia's sales mix and inventory. In Nvidia's May 2025 first-quarter fiscal 2026 results, the company said the U.S. government had informed it on April 9, 2025, that a license was required for exports of H20 products into China. Nvidia said that change led to a $4.5 billion charge tied to H20 excess inventory and purchase obligations, while first-quarter fiscal 2026 H20 sales before the new licensing rules were $4.6 billion. (investor.nvidia.com) More recent market reports said Nvidia shares also drew support from a separate report that U.S. authorities had cleared H200 sales to about 10 Chinese firms. Those reports are not Nvidia disclosures, but they help explain why China exposure was still part of the investor debate as Cantor lifted its target and as earnings approached. (investor.nvidia.com) ### What happens next, and when? Nvidia said on April 29 that it would report first-quarter fiscal 2027 results on Wednesday, May 20, 2026, for the quarter ended April 26, 2026. The company said the conference call would begin at 2 p.m. Pacific time, or 5 p.m. Eastern, and would be webcast on its investor relations site. Nvidia's annual meeting is scheduled for June 24, 2026, at 9 a.m. Pacific time, according to the company's investor page. (msn.com) (investor.nvidia.com)