Nvidia (NASDAQ: NVDA) reported strong fiscal second-quarter 2026 results on August 26 and issued revenue guidance above analysts’ estimates, sending the stock up 7% overnight and prompting a number of analysts to raise their Nvidia stock price targets.
Notably, Goldman Sachs raised its Nvidia price target from $285 to $300 while maintaining a ‘Neutral’ rating on the shares. Analyst James Schneider said the bank expects the shares to hold their recent gains on a strong calendar 2027 outlook.
“We expect the stock to be range bound following a solid quarter with guidance ahead of the Street, set against relatively elevated expectations heading into the quarter following recent upward CapEx revisions from hyperscalers,” Goldman Sachs wrote.
More specifically, Schneider believes the chipmaker could deliver upside to its forecasts from a higher starting point of 70% revenue growth in calendar 2027. At the same time, the medium-term gross-margin guidance of 72-73% for the same period could help ease investor concerns about rising input costs.
Finally, the analyst said greater transparency around Nvidia’s customer financial guarantees and commitments can help investors better assess potential financial risks. Accordingly, he also highlighted management’s commitment to returning more than 50% of excess cash flow to shareholders, which could provide additional support for the stock.
JPMorgan raises Nvidia price forecast
JPMorgan likewise lifted its target from $280 to $320 while maintaining an ‘Overweight’ rating. In the research note, the firm pointed to Nvidia’s quarterly results and revenue guidance, both of which exceeded Wall Street expectations.
Data center growth accelerated as demand for Blackwell Ultra remained strong, with revenue from sovereign artificial intelligence (AI), AI-native companies, and enterprise customers increasing too.
In addition, Nvidia has begun shipping its next-generation Vera Rubin platform, enjoying purchase orders from major hyperscalers, AI cloud providers, and system OEMs alike. In fact, the company calls Vera Rubin the fastest product ramp in its history.
Currently, gross margins are expected to bottom in the fourth quarter of fiscal 2027 before recovering in fiscal 2028. Specifically, Nvidia said its fiscal 2028 margin outlook is supported by HBM supply commitments already secured at known prices for most of its requirements.
Nvidia price target increased by Mizuho
Mizuho likewise raised its Nvidia price target, lifting it from $300 to $315 while reiterating an ‘Outperform’ rating. Elaborating on the new figure, the firm cited last quarter revenue of $96.2 billion, adjusted earnings per share (EPS) of $2.22, and next quarter revenue guidance of $108 billion.
In addition, Mizuho expects Blackwell Ultra to continue ramping and estimates that Vera Rubin could contribute roughly 20% of October-quarter revenue. Overall, the firm expects Nvidia’s fiscal 2028 revenue to reach roughly $700 billion. The number represents growth of more than 70% year over year, which is well above the current consensus estimate of $574 billion.
Gross margins are expected to decline to about 74% in the October quarter, down 100 basis points sequentially, before reaching a projected low of 71-72% in the January quarter. On its own part, Mizuho expects margins to stabilize around 72%-73% in fiscal 2028. As for the $315 price target, it is based on roughly 20 times fiscal 2028 earnings.
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