Nvidia (NVDA) is back in the spotlight as Wall Street analysts lift their price targets ahead of the company’s much-anticipated Q2 earnings report next week on August 27. Overall, analysts remain upbeat on Nvidia as booming AI demand, its dominance in the chip market, and easing U.S. export rules fuel optimism. Investors now wait to see if the chipmaker can once again top Wall Street’s expectations.
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Analysts expect Nvidia to report earnings of $1.01 per share on revenue of $45.87 billion in the upcoming quarter, according to consensus estimates.
KeyBanc Raises Price Target on NVDA
Five-star-rated analyst John Vinh at KeyBanc raised his price target on Nvidia to $215 from $190 while maintaining a Buy rating. Vinh expects the company to deliver strong July-quarter results but possibly guide slightly lower for the October quarter.
He further pointed out that Nvidia’s forecast likely excludes China sales because of pending license approvals. If China is factored in, however, it could add another $2 billion to $3 billion in revenue from its H20 and RTX6000D chips.
Other Analysts Weigh In on NVDA Stock
Similarly, Susquehanna’s five-star-rated analyst Christopher Rolland increased his price target on Nvidia to $210 from $180 while keeping a Buy rating. Rolland highlighted strong momentum in Nvidia’s data center business as a key growth driver.
He added that the company’s upcoming GB300 product line is expected to fuel double-digit revenue growth in the next few quarters, helped by higher selling prices and stronger profit margins.
What Is the Target for Nvidia Stock?
According to TipRanks, NVDA stock has a Strong Buy consensus rating based on 34 Buys, three Holds, and one Sell assigned in the last three months. At $196.65, the Nvidia average share price target implies a 12.12% upside potential.
Year-to-date, NVDA stock has gained 30%.
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