Wall Street analysts generally expect a positive report from Nvidia when the AI chipmaker announces its quarterly results and guidance late Wednesday. Several have raised their price targets on Nvidia stock recently.
On Monday, investment banks Baird and Stifel upped their price targets on Nvidia stock. Both rate it as buy.
Baird hiked its target to 225 from 195. The firm increased its revenue and earnings estimates citing "significant acceleration" in GB200 sell-through shipments in July. Meanwhile, GB300 is on track for a late September launch, and represents a major performance step-up vs. GB200, Baird said.
On the stock market today, Nvidia stock rose 1% to close at 179.83.
Meanwhile, Stifel raised its price target on Nvidia stock to 212 from 202.
Last week, Nvidia stock scored price-target hikes from at least five Wall Street firms.
Nvidia Stock Faces Concerns
However, Nvidia shares have pulled back recently over several concerns. First, some pundits are calling a bubble for AI stocks. Second, Nvidia faces major challenges in the China market.
The U.S. government has allowed Nvidia to resume shipments of its throttled H20 processors to China, but Chinese authorities have warned domestic buyers not to purchase those AI chips. In response, Nvidia reportedly halted production of H20 processors.
Some analysts suspect China's move was an attempt to encourage use of domestic alternatives, such as chips from Huawei. It also could be an attempt to get the U.S. to approve exports of an upgraded AI chip from Nvidia based on its Blackwell series, called the B30A.
Analysts polled by FactSet expect Nvidia to earn an adjusted $1.01 a share on sales of $46.05 billion in its fiscal second quarter ended July 27. In the year-earlier period, Nvidia earned an adjusted 68 cents a share on sales of $30.04 billion.
For the current quarter, Wall Street is modeling Nvidia earnings of $1.20 a share on sales of $53.36 billion. In the same quarter last year, Nvidia earned an adjusted 81 cents a share on sales of $35.08 billion.
Strong Data Center Capex
Morgan Stanley analyst Joseph Moore on Monday reiterated his overweight rating on Nvidia stock with a price target of 206. Moore remains "very optimistic" about Nvidia's prospects for the next 12 months, even without a contribution from China, he said in a client note.
JPMorgan analyst Harlan Sur on Monday kept his overweight rating on Nvidia stock.
"We believe near-term AI fundamentals are strong, driven by strong hyperscale capex spending," he said in a client note. "This trend is evident in the upward revision in capex during the Q2 2025 earnings season by the cloud/hyperscale companies."
William Blair analyst Sebastien Naji maintained his outperform rating on Nvidia stock in a report Monday.
"We expect to see sustained strength in AI demand across upcoming semi earnings (Nvidia, Marvell, and Broadcom) as hyperscalers, neoclouds, and increasingly sovereigns invest in data center capacity to build larger AI clusters," Naji said.
Nvidia Report Key For Tech Stocks
Wedbush Securities analyst Daniel Ives said Nvidia's report is important for tech stocks in general.
"We believe Nvidia earnings on deck is another positive catalyst for tech stocks," Ives said in a client note Monday. The report will "remind investors this is still only the bottom of the second inning in the nine-inning game around building out the AI revolution over the coming years to enterprises/consumers globally."
Ives rates Nvidia stock as outperform with a price target of 210.
Nvidia stock is on five IBD lists: IBD 50, Big Cap 20, Leaderboard, Sector Leaders and Tech Leaders.
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