Wall Street analysts name Nvidia, Uber and Marvell as promising long-term investments
In the United States, Wall Street analysts reaffirmed buy ratings on Nvidia, Uber Technologies and Marvell Technology shares, assessing their long-term potential. Experts focused on demand for artificial intelligence chips, the development of autonomous transportation and the data-center business, CNBC Top News reports, citing the TipRanks platform.
Nvidia and demand for AI chips
Morgan Stanley analyst Joseph Moore maintained his buy rating on Nvidia shares and raised the price target from $288 to $300. He called the company his top pick among semiconductor manufacturers, citing its product cycle, significant growth rates and valuation below that of competitors.
Nvidia reported strong second-quarter fiscal results despite supply constraints. The company expects revenue growth of 70% in fiscal 2028, while Moore's estimate was 52% and the consensus forecast was about 40%. The analyst also highlighted Vera Rubin chip metrics: according to Nvidia, they provide 30 times higher throughput per megawatt and a 35 times lower token cost compared with Grace Blackwell Ultra.
Uber and autonomous transportation
BMO Capital analyst Brian Pitz reaffirmed his buy rating on Uber Technologies shares with a $119 price target. In his view, the company's strategy in autonomous vehicles could become a significant driver of revenue and profitability growth.
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Pitz believes Uber could become the preferred mobility platform for autonomous vehicle manufacturers thanks to the development of relevant infrastructure and the expansion of its partner network. In his assessment, the company is moving from the role of a robotaxi distribution channel to a broader autonomous mobility platform, entering new markets and developing partnerships beyond its cooperation with Waymo.
Marvell's data-center forecast
KeyBanc analyst John Vinh reaffirmed his buy rating on Marvell Technology shares with a $400 price target. In the second quarter of fiscal 2027, the company's data-center segment revenue increased 46% year on year to $2.17 billion, exceeding KeyBanc's estimate of $2.09 billion.
Marvell raised its forecast for data-center revenue and now expects it to grow by 60% in fiscal 2027 and by more than 60% in fiscal 2028. Company management linked the trend to accelerating demand for AI networking solutions. Vinh also noted that programs related to the recent $120 billion Google warrant deal are already included in the forecast for custom solutions through fiscal 2028.
