Nvidia's Earnings Expectations Set to Soar, Analyst Raises PT to $235

TD Cowen analyst Joshua Buchalter raised Nvidia's price target from $175 to $235 ahead of Q2 fiscal 2026 results, expecting the chip giant to "clear a high bar." Buchalter believes Nvidia is the best way to gain AI exposure and remains optimistic about its transition to the Blackwell Ultra platform. He left his October-quarter revenue estimate of $55 billion unchanged, which is above the Street's forecast.

TD Cowen analyst Joshua Buchalter has reiterated his "Buy" rating on Nvidia (NVDA) stock and raised his price target from $175 to $235 ahead of the company's second-quarter fiscal 2026 results. Buchalter believes Nvidia is "best positioned to clear a high bar" going into earnings, highlighting the chip giant's strong fundamentals and clean narrative [1].

The analyst points to Nvidia's leadership in artificial intelligence (AI) and its transition to the Blackwell Ultra platform as key drivers for growth. He remains more balanced on peers such as Broadcom (AVGO), Marvell Technology (MRVL), and Credo Technology (CRDO) [1].

Buchalter has left his October-quarter revenue estimate of $55 billion unchanged, which is above the Street's forecast. He expects Nvidia to show clearer progress toward its $7 EPS target in the next two to three quarters [1].

In addition to Buchalter's optimism, Morgan Stanley and Cantor Fitzgerald have also raised their price targets for Nvidia. Morgan Stanley increased its target to $206, while Cantor Fitzgerald boosted its target to $240 [2]. Both firms maintain 'Overweight' ratings, anticipating continued growth, especially in Nvidia's AI and data center businesses.

The Street expects Nvidia to post adjusted EPS of $1.00 on revenue of $45.81 billion for the second quarter. Buchalter's revenue estimate is above the Street's forecast, indicating potential upside in earnings [1].

Nvidia's stock has gained 35% year-to-date and over 39% in the last 12 months. The chip behemoth is scheduled to report its second-quarter results after the market closes on August 27 [2].

References:
[1] https://www.tipranks.com/news/nvidia-is-best-positioned-to-clear-a-high-bar-says-td-cowen-as-it-raises-pt-ahead-of-q2-print
[2] https://stocktwits.com/news-articles/markets/equity/nvidia-ai-chip-demand-fuels-higher-earnings-projections/chsOfr6RdXI