Nvidia Stock Price Targets Rise Ahead of Q3 Report
Recent developments surrounding Nvidia (NVDA) indicate a renewed confidence among Wall Street analysts as the chipmaker approaches its upcoming earnings report. Following a downturn affecting Nvidia and other AI chip stocks, analysts have revised their price targets upward, reflecting optimism about Nvidia’s performance.
Nvidia Stock Price Target Increases
On Wednesday, Nvidia’s stock received at least four price-target hikes from various research firms. On Friday, both Morgan Stanley and Wells Fargo joined this trend, raising their price targets significantly.
Notable Price Adjustments
- Wells Fargo: Increased target from $220 to $265.
- Morgan Stanley: Revised target from $210 to $220.
- Oppenheimer and Susquehanna Financial Group also raised their targets.
Nvidia experienced a dip of 3.6% on Thursday, closing at $186.86. This decline has been attributed to concerns regarding potential bubbles in artificial intelligence investments.
Analyst Insights on Nvidia’s Performance
Wells Fargo analyst Aaron Rakers retains an overweight, or buy, rating on Nvidia stock. He anticipates the company will surpass consensus estimates for the fiscal third quarter of 2026, with earnings projected at $1.25 per share and revenue of $54.8 billion, signifying a year-over-year growth of 55% in earnings and 56% in sales. Rakers emphasized the ongoing momentum in hyperscale capital expenditures as a key driver for Nvidia’s growth.
Additionally, Morgan Stanley’s Joseph Moore expressed expectations for Nvidia to report the “strongest result” in recent quarters as its Blackwell processors reach full production. Moore highlighted the strong demand for the next-generation Vera Rubin processors, affirming Nvidia’s position within the AI chip sector.
Market Position and Momentum
Nvidia’s stock is currently featured on four Investor’s Business Daily (IBD) lists: IBD 50, Stock Spotlight, Sector Leaders, and Tech Leaders. This visibility underscores its significant role in the technology market.
As the earnings report approaches, analysts and investors alike are keeping a close watch on Nvidia’s developments, particularly its advances in artificial intelligence technology.
