Nvidia Price Targets Rise on AI Momentum Ahead of Earnings

Nvidia is drawing increased attention from Wall Street analysts, with multiple firms upgrading their price targets ahead of the company’s upcoming quarterly earnings report on August 27 [1][2][3]. The recent upgrades reflect growing confidence in the company’s AI-driven momentum, particularly around its Blackwell platform, which is expected to deliver strong performance in the second quarter [4][5][6].

On July 30, Morgan Stanley raised its price target for Nvidia from $170 to $200, maintaining an Overweight rating, as analyst Joseph Moore highlighted the potential for further gains driven by artificial intelligence (AI) adoption [1][7]. Just a few days later, on August 1, the firm’s action was echoed by broader market speculation that more Wall Street analysts would follow suit in the coming weeks [8].

Meanwhile, Bank of America analyst Vivek Arya reaffirmed his Buy rating on Nvidia stock, setting a $220 price target on July 31 and again on August 4 [2][5]. The analyst cited strong demand for Blackwell and AI infrastructure as key factors underpinning the optimistic outlook. Similarly, Goldman Sachs reiterated its Buy rating and $200 price target on August 4, emphasizing the firm’s confidence in the performance of Nvidia’s upcoming Blackwell product line [6].

Goldman Sachs also raised its price target on Nvidia to $200 per share, up from $185, in a note on August 1 [1]. The firm’s James Schneider noted that while investor expectations are high, Nvidia is positioned to deliver a “clean beat-and-raise quarter.” He emphasized that the company’s guidance, particularly related to its Blackwell chip ramp in the second half of the year and the 2026 Rubin chip rollout, would be key to investor sentiment. Additionally, the timeline for the H20 chip rollout in China, and the potential for gross margin expansion, will be closely watched during the earnings call [2].

Analysts from FactSet expect Nvidia to report $1 per share in profit on $45.7 billion in revenue in the second quarter [3]. These expectations have driven the stock up nearly 34% in 2025, and the company will need to meet or exceed them to justify its current valuation. Any updates on China-related sales or margin performance could significantly influence the stock’s direction after the call [4].

The broader chip sector also showed strength ahead of the earnings release, with companies linked to significant U.S. manufacturing investments gaining traction. TSMC, a key partner for Nvidia, saw its shares rise nearly 5% in Taiwan, driven by its $165 billion U.S. investment plan [5]. Samsung, which operates in Texas, and SK Hynix, a supplier of memory chips for Nvidia, also saw gains, reflecting investor appetite for companies with substantial U.S. operations [6].

Nvidia’s own U.S. commitments include a $500 billion AI infrastructure investment over four years, with the first Blackwell chips already being produced at TSMC’s Phoenix facility. The company’s stock rose 1% in premarket trading ahead of the earnings event [7].

These price target upgrades suggest a consensus forming around the company’s earnings potential, with many analysts projecting strong performance in the quarter. One Wall Street forecast, published on August 5, predicts that Nvidia will report earnings of $4.30 per share during fiscal 2026, placing its stock at a forward P/E ratio of 43 [4]. While this is a forward-looking projection, it underscores the anticipation surrounding the earnings report.

The collective sentiment among analysts points to a strong upcoming quarter, driven by sustained demand for AI solutions and the anticipated success of Blackwell. As the August 27 earnings call approaches, investors are closely watching for confirmation of these bullish forecasts [1][2][3][4][5][6][7][8].

Source:

[1] Morgan Stanley Upgrades PT on NVIDIA from $170 to $200

https://finance.yahoo.com/news/morgan-stanley-upgrades-pt-nvidia-023643629.html

[2] 'Keep Buying Nvidia Stock,' Affirms Bank of America Ahead

https://www.tipranks.com/news/keep-buying-nvidia-stock-affirms-bank-of-america-ahead-of-q2-earnings

[3] NVIDIA (NVDA) Set for Blowout Q2 Earnings

https://www.ainvest.com/news/nvidia-nvda-set-blowout-q2-earnings-blackwell-ai-demand-deliver-2508/

[4] Prediction: Nvidia Stock Is Going to Soar After Aug. 27

https://www.aol.com/prediction-nvidia-stock-going-soar-085100966.html

[5] Wall Street Eyes Blowout Q2 for NVIDIA (NVDA)

https://www.insidermonkey.com/blog/wall-street-eyes-blowout-q2-for-nvidia-nvda-will-blackwell-and-ai-demand-deliver-1585072/

[6] Goldman Sachs reiterates Buy rating on Nvidia stock amid

https://www.investing.com/news/analyst-ratings/goldman-sachs-reiterates-buy-rating-on-nvidia-stock-amid-blackwell-ramp-93CH-4175923

[7] NVIDIA Stock Upgraded by Morgan Stanley to $200 PT, ...

https://www.ainvest.com/news/nvidia-stock-upgraded-morgan-stanley-200-pt-maintains-overweight-rating-2508/

[8] Here are Some of Today's Biggest Analyst Calls

https://www.aol.com/today-biggest-analyst-calls-135345207.html