Goldman Sachs has started coverage on NVIDIA (NASDAQ: NVDA), with a price target of $185 and a Buy rating.
The investment bank called the company the industry standard in accelerated computing, emphasizing its role as a semiconductor and CUDA software stack provider.
In addition, analyst James Schneider highlighted NVIDIA’s consistent product innovation, expanding customer base, artificial intelligence (AI) monetization, and compelling valuation:
“Although stock price action has been choppy due to ‘peak concerns’ and the growing presence of custom accelerators, we believe that a combination of (1) product leadership and rapid cadence of introductions; (2) broadening of the customer base; (3) early signs of AI monetization; and (4) attractive valuation can drive outperformance versus our coverage.” — James Schneider
Schneider’s price target is 5.71% higher than the average analyst prediction of $175, based on 41 aggregated ratings on TipRanks.
NVIDIA stock analysis
NVIDIA closed at $162.88 on July 10, climbing 1.80% in intraday trading. At press time, it was up 0.77% in pre-marke.
The AI chip leader also briefly touched the $4 trillion market capitalization mark in intraday trading, becoming the first company to do so.
So far, NVIDIA stock is up 22% in 2025, mostly propelled by generative AI, which remains the primary driver for growth.
Likewise, the company has introduced its next-generation Blackwell technology, which delivers greater supercomputing power and innovations such as “real-time digital twins,” accelerating product development in industries such as manufacturing and aerospace.
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