Nvidia Stock (NVDA) Sees Bullish Predictions Ahead of Q2 Earnings

Nvidia (NVDA) is set to release its Q2 FY26 earnings report on August 27. Baird's top analyst, Tristan Gerra, raised his price target to $225, implying a 26% upside from current levels. He maintained an Outperform rating, citing stronger chip demand and new product launches. Gerra expects Nvidia's revenue and earnings outlook to improve due to strong GB200 shipments and the upcoming GB300 chip launch. He also noted that Taiwan Semiconductor Manufacturing Company is planning to nearly double its production capacity for CoWoS, an advanced packaging technology used to build AI processors.

Nvidia (NVDA) is set to release its Q2 FY26 earnings report on August 27, with analysts expressing optimism about the company's performance. Baird's top analyst, Tristan Gerra, raised his price target to $225, implying a 26% upside from current levels. He maintained an Outperform rating, citing stronger chip demand and new product launches [2].

Gerra expects Nvidia's revenue and earnings outlook to improve due to strong GB200 shipments and the upcoming GB300 chip launch. He also noted that Taiwan Semiconductor Manufacturing Company (TSMC) is planning to nearly double its production capacity for CoWoS, an advanced packaging technology used to build AI processors [2].

Despite potential headwinds from China export curbs, analysts remain bullish on Nvidia's prospects. Twelve out of 13 Wall Street analysts call the stock a "buy," with price targets ranging from $155 to $225 [1]. UBS analyst Timothy Arcuri recently raised his price target to $205 from $175, citing strong demand signals and projecting another beat in the upcoming Q2 earnings report [2].

Nvidia's strong performance is driven by the continued strength in its Data Center business, which benefits from the increasing adoption of cloud-based solutions and the growing hybrid working trend. The company's AI chips, including the A100, H100, B100, B200, and GB200, are the top choices for building and running powerful AI applications, positioning Nvidia as a leader in the generative AI market [1].

Analysts' overwhelmingly bullish stance suggests that investors should closely monitor Nvidia's earnings report and the company's response to the China export curbs.

References:
[1] https://finance.yahoo.com/news/nvda-buy-nvidia-stock-aug-192124545.html
[2] https://stocktwits.com/news-articles/markets/equity/nvidia-stock-gets-another-price-target-boost-ahead-of-earnings/chsskcKRd1f