RBC Stands by Nvidia Forecasts, Cites Backlog and Product Catalysts
RBC Capital reiterated an Outperform rating on Nvidia Corp. and maintained a $240.00 price target, citing expectations of a modest beat-and-raise for the upcoming quarter, a sizable backlog that could be reiterated or increased by management, and supply-chain conversations that point to continued strength for key products through 2027. The firm sai…