Nvidia (NASDAQ: NVDA) has been making the most of the market’s increasing demand for artificial intelligence (AI) solutions this year, but its future now appears even brighter with a number of Wall Street analysts raising their price targets for the stock.
The growing optimism for the semiconductor leader comes ahead of the chip-maker’s highly anticipated quarterly earnings report scheduled for next week.
Additionally, the company struck a new partnership with the U.S. National Science Foundation (NSF) and has been quite the talk following President Trump’s announcement that it would have to pay 15% of its H20 chip sales in China to the government.
Nvidia stock price targets
Cantor Fitzgerald analyst C. J. Muse raised his NVDA stock price target from $200 to $240 on August 18, calling the demand for graphics processing units (GPUs) “seemingly insatiable.”
Predicting $48 billion in revenue and $1.06 earnings per share (EPS), Muse is among the most bullish market watchers on Wall Street.
On the same date, Morgan Stanley’s Joseph Moore also upped his target price from $200 to $206, predicting $46.6 billion in revenue and $1.03 EPS, pointing to surging demand for inference workloads as a long-term growth driver.
All in all, the average Nvidia stock price target for the next 12 months sits at $192 (a 5.83% upside potential) based on 38 combined ratings aggregated by market research platform TipRanks.
The most bullish projections see the stock hitting $250, only $10 above Cantor Fitzgerald’s recent target, while the most bearish take sees it dropping to as low as $135.
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