Nvidia (NASDAQ: NVDA) has been showing exceptional financial strength, currently trading near its yearly high and enjoying a market cap of $4.27 trillion.
Given the chipmaker’s success, the market is poised in expectation for its upcoming earnings report scheduled for August 27, with some analysts already upgrading their ratings for the stock.
UBS, for instance, raised its NVDA price target from $175 to $205 on August 22 while maintaining a “Buy” rating.
Similarly, Evercore ISI raised its own price target from $190 to $214 on the same day, reiterating its “Outperform” rating.
Nvidia stock price targets
UBS expects Nvidia to report $46 billion in second-quarter revenue, topping consensus by about $1 billion.
The firm also noted that Nvidia appears to have placed fresh Hopper wafer orders following the H20 license approval and may be developing a Blackwell chip variant for China.
Evercore ISI projects Nvidia’s earnings per share (EPS) to grow 48% in 2025 and 39% in 2026, resulting in a PEG ratio well below parity.
At the time of writing, the average price target for Nvidia for the next 12 months is $197.89, based on a total of 39 ratings compiled on the market analysis platform TipRanks. The overwhelming majority of ratings are “Buy.”
UBS and Evercore’s recent adjustments, in fact, come amid a wave of bullish revisions. Oppenheimer, for example, reaffirmed its “Outperform” rating, while HSBC and KeyBanc raised their targets to $200 AND $215, respectively, highlighting strong demand for artificial intelligence (AI).
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