Rosenblatt, Cantor and KeyBanc reiterate Nvidia buys at $325-$350 two days before earnings

Three research houses reaffirmed buy-equivalent ratings on NVDA on Monday, clustering their targets in a narrow $325 to $350 band. Rosenblatt Securities reiterated a buy with a $325 objective, Cantor Fitzgerald restated an overweight at $350, and KeyCorp's KeyBanc arm reissued an overweight at $330.

The timing is the story more than the numbers. Nvidia reports on August 26, so these are pre-print reiterations rather than reactions to new information, and the tight dispersion between the three targets says the sell side is not differentiated on this quarter. KeyBanc framed its call around the Rubin GPU ramp, which pushes the thesis past the current Blackwell cycle and into fiscal 2027 supply.

Context from the last two weeks cuts both ways. Nvidia has warned major customers of AI server price increases above 15% as memory costs surge, which supports revenue but pressures the customer base, and it closed a $6 billion licensing arrangement with Poolside. It is also weighing a stake in Perplexity at a valuation above $30 billion, extending the pattern of investing into its own demand.

For readers tracking the print rather than the ratings, the more informative lines will be data-center gross margin against that memory-cost commentary, and any quantification of Rubin timing. A cluster of reiterated targets ahead of earnings tells you about analyst positioning, not about the quarter. This is market analysis, not a recommendation.

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