Nvidia: JP Morgan maintains Overweight, raises PT to $215.

Nvidia: JP Morgan maintains Overweight, raises PT to $215.

Nvidia Corporation (NVDA) has seen a mixed reaction from the market following its latest earnings report, with the stock experiencing a lukewarm response despite analysts generally viewing the results positively. The company reported mixed second-quarter earnings, with revenue and earnings beating expectations, but the stock price dropped significantly after the report.

JPMorgan, one of the major investment banks, has maintained its Overweight rating on Nvidia, but has significantly raised its price target to $215, up from $170. The bank attributes this optimism to strong demand for Nvidia's next-generation AI chips, particularly the Blackwell products. JPMorgan expects the company's revenue guidance of $54 billion for the following quarter to be supported by this demand, and estimates that the H20 chip could contribute an additional $2 billion to $5 billion in revenue [1].

The broader Wall Street consensus remains bullish on Nvidia, with many firms raising their price targets in the aftermath of the earnings report. DA Davidson, Melius Research, Truist Securities, and Morgan Stanley are among the firms that have increased their price targets, citing factors such as sustained demand for AI computing, potential growth in AI infrastructure spending, and the company's positioning in the AI market [1][3].

However, there are signs of retail trader fatigue, with data showing a decline in retail purchases of Nvidia stock over the past week. While the stock has still seen significant year-to-date gains, the recent slump in retail buying could be a contributing factor to the stock's recent underperformance [2].

Despite these near-term challenges, Nvidia's long-term prospects remain solid, with analysts highlighting the company's leadership in AI infrastructure and the growing demand for AI-driven technologies. The company's next-generation AI chip, Vera Rubin, is expected to be launched in 2026, further boosting long-term growth prospects.

References:
[1] https://www.businessinsider.com/nvidia-stock-price-nvda-outlook-wall-street-forecast-q2-earnings-2025-8
[2] https://www.cnbc.com/2025/09/04/nvidia-retail-buyers-are-getting-exhausted.html
[3] https://www.tradingview.com/news/gurufocus:ddebb6563094b:0-nvidia-stock-set-to-surge-wall-street-hikes-targets-despite-softer-forecast/