markets

David Crowther3/17/25

Even after the DeepSeek and AI meltdowns, Wall Street's still sticking with its lofty Nvidia price targets

It might only be March 17, but for Nvidia investors, the year so far might have felt like a lifetime.

Everything happens so much

First came the DeepSeek freak-out, a violent sell-off sparked by a Chinese AI model that was reportedly trained for a fraction of the cost of its Western rivals. Then came tariffs, an ongoing growth slowdown scare, and a sharp reversal in the fortunes of momentum stocks — almost all of which were heavily associated with an AI trade predicated on a continued “capex orgy” as Big Tech companies plan data centers the size of large cities.

So, given all that’s happened this year, how have Wall Street analysts changed their views on Nvidia? Well... they haven’t really. At least not in the aggregate.

Data from FactSet reveals that the average (mean) price target for Nvidia at the end of last year, before any of those headlines hit the tape, was $173.81. Today it’s $174.79, or 0.6% higher.

Nvidia Price Targets — Sherwood News

It’s plausible, if a little embarrassing, that some analysts simply haven’t gotten around to rerunning the numbers in the wake of this latest sell-off. But clearly many of the analysts — and there are nearly 70 of them in total — believe that the fundamental equity story remains unchanged for Wall Street’s most-watched stock, even as the world around it shifts. At the company’s full-year results, Nvidia beat on both the top and bottom lines, though, with the rollout of its Blackwell GPUs progressing steadily, gross margins might compress slightly in the short term.

After a volatile last seven days or so, the next big catalyst for the stock could come quickly, as CEO Jensen Huang takes the stage tomorrow at GTC 2025, Nvidia’s biggest conference of the year. Investors will be on the lookout for mentions of 2026 demand and any updates on its next-gen chip Vera Rubin (named after the astronomer).

Related reading: 73 Wall Street analysts cover Amazon, there are 72 on Meta, and 66 write about Nvidia — how many do we need?

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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