Wall Street is adjusting its outlook on two of the biggest semiconductor companies on the market, Nvidia (NASDAQ: NVDA) and AMD (NASDAQ: AMD), as enthusiasm for artificial intelligence (AI) continues to grow.
Nvidia price target as high as $250
Ben Reitzes, analyst at Melius Research, reiterated his “Buy” rating on NVDA stock on July 15 while raising his target price for the stock from $200 to $235.
As reported by Barron’s on July 15, the analyst noted that Nvidia’s revenue is poised to accelerate in the second half of fiscal 2026 with “huge tailwinds” likely to accelerate growth in the fiscal first half of 2027 as well.
According to data provided by TipRanks, Reitzes’s position sees a 36.77% upside potential for Nvidia and agrees with the broader Wall Street sentiment.
For example, Fang Boon Foo, an analyst at DBS, also upgraded his target price on July 11, raising it from $160 to $180 and maintaining a “Buy” rating, while Goldman Sachs initiated coverage on Nvidia with a price target of $185 and a Buy rating on July 10.
Earlier this month, Vijay Rakesh of Mizuho Securities and Atif Malik of Citi likewise reiterated their “Buy” ratings while upgrading the target price from $175 to $185 and $180 to $190, respectively.
At press time, Nvidia shares were trading at $177.57, up 4.33% since the last close. Based on 41 total rankings on TipRanks, the target price for the next 12 months sits at $177.57 on average, with the highest predictions going as high as $250 and the lowest going as low as $100.
AMD price target as high as $200
The situation with AMD is somewhat different, with a lot more downside potential compared to Nvidia, and somewhat conflicting analyst opinions this month.
On July 10, James Schneider of Goldman Sachs reiterated his “Buy” rating while maintaining a price target of $140.
At the same time, HSBC’s Frank Lee CFA upgraded his rating to “Buy” with a price target of $200, while Christopher Danely over at Citi reiterated his “Hold” rating while upgrading the target price from $120 to $145.
Although Danely’s rating remains neutral, the increased price appears to suggest that he expects AMD could outperform expectations.
Earlier this month, on July 2, Vijay Rakesh of Mizuho Securities also upgraded his target price from $130 to $152, maintaining a “Buy” rating.
At the time of writing, AMD shares were trading at $135.97, up 5.73% since the last close. Based on 35 ratings compiled by TipRanks, the average AMD target price for the next 12 months is $135.97, while the most bullish predictions go as high as $200 and the lowest sitting at $95.
Featured image via Shutterstock
