Traders might not be too impressed by Nvidia’s earnings report, but Wall Street analysts sure are
A largely ho-hum set of second-quarter results from Nvidia, with modest top- and bottom-line beats and guidance slightly ahead of expectations, isn’t lifting the shares today.
But the numbers were enough to fortify Wall Street’s confidence in where the stock is headed: higher.
The sell side is continuing its pre-earnings trend of big boosts to Nvidia price targets with even more of the same. The shops increasing their outlook for how high the chip designer’s stock can climb include:
to $235 from $220 at Bank of America
to $230 from $215 at KeyBanc
to $228 from $210 at Truist
to $225 from $185 at Bernstein
to $220 from $190 at Benchmark
to $215 from $170 at JPMorgan
to $215 from $200 at Rosenblatt
to $210 from $206 at Morgan Stanley
to $210 from $190 at Citi
to $205 from $200 at Jefferies
to $180 from $155 at Deutsche Bank
The Street is overwhelmingly in the bull camp on Nvidia, with 73 “buy” ratings, seven with “hold,” and just one “sell” rating among analysts surveyed by Bloomberg. Over the past month, the average price target is up nearly 13%, its fastest growth since the period following Nvidia’s fiscal Q3 2025 report last November.
