Nvidia Stock Price Target Boosted to $214 by Top Evercore Analyst Ahead of Q2 Earnings

Evercore analyst Mark Lipacis has boosted Nvidia's (NVDA) price target from $190 to $214, citing attractive valuation and solid demand for graphics processing units amid the AI boom. Lipacis expects NVDA's EPS to grow 48% in 2025 and 39% in 2026, making it an attractive pick. Despite ongoing uncertainties, Wall Street remains bullish on NVDA stock, with a Strong Buy consensus rating and a 53% YoY growth expectation for Q2 FY26 EPS.

Evercore analyst Mark Lipacis has raised Nvidia's (NVDA) price target from $190 to $214, citing attractive valuation and strong demand for graphics processing units (GPUs) amidst the AI boom. Lipacis expects Nvidia's earnings per share (EPS) to grow by 48% in 2025 and 39% in 2026, making it an attractive investment pick. Despite ongoing uncertainties, Wall Street remains bullish on Nvidia stock, with a Strong Buy consensus rating and a 53% year-over-year (YoY) growth expectation for Q2 FY26 EPS.

Analysts have been increasingly optimistic about Nvidia's prospects. In a recent note, Cantor Fitzgerald raised its price target to $240, highlighting the company's Blackwell accelerator ramp as a key driver for renewed AI-compute growth [1]. The semiconductor giant is expected to report on August 27, with traders focusing on Blackwell shipment cadence, China's contribution to reported sales, and management's tone on demand visibility and capital expenditures.

Nvidia's business extends far beyond data center GPUs. Gaming revenue hit record levels at $3.8 billion in Q1, growing 48% sequentially. The recently released Nintendo Switch 2 leverages Nvidia's custom RTX technology, tapping into its predecessor's 150-million-console installed base. Networking revenue surged 64% quarter-over-quarter (QoQ) to $5 billion, with Spectrum-X annualizing over $8 billion as major cloud providers adopt NVIDIA's enhanced Ethernet solutions [3].

However, China uncertainties loom large. KeyBanc expects guidance excluding direct China revenue due to pending license approvals, though inclusion could add $2-3 billion. HSBC notes the AI GPU market exceeded expectations but warns of China-related risks, including lower pricing and potential pushback from Chinese authorities [3].

Analysts tracking NVDA stock forecast revenue to rise from $130.5 billion in fiscal 2025 to $362.5 billion in 2030. In this period, adjusted earnings are forecast to expand from $2.99 per share to $8.67 per share [3]. Today, NVDA stock trades at a forward price to earnings multiple of 35x, which is higher than its 10-year average of 32x. As growth normalizes, NVDA stock could revert to an earnings multiple of 25x, which suggests it will trade around $217 in early 2029, indicating an upside potential of 24% from current levels [3].

Out of the 46 analysts covering NVDA stock, 38 recommend “Strong Buy,” two recommend “Moderate Buy,” five recommend “Hold,” and one recommends “Strong Sell.” The average NVDA stock price target is $192, above the current price of $178 [3].

References:
[1] https://www.tradingview.com/news/gurufocus:2f38fb744094b:0-nvidia-stock-rises-as-cantor-fitzgerald-lifts-target-to-240-on-blackwell-ai-boom/
[2] https://www.aol.com/finance/stock-market-today-nvidia-slips-212927814.html
[3] https://www.barchart.com/story/news/34336177/analysts-have-high-hopes-for-nvidia-ahead-of-august-27-should-you-buy-nvda-stock-here
[4] https://www.tipranks.com/news/top-evercore-analyst-boosts-nvidia-nvda-stock-price-target-ahead-of-q2-earnings