Semiconductor giant Nvidia (NVDA) is set to announce its results for the third quarter of Fiscal 2026 on November 19. NVDA stock has been under pressure recently due to concerns about the valuation of artificial intelligence (AI) stocks and growing competition in the AI chip space. Nonetheless, most Wall Street analysts remain bullish on NVDA stock heading into Q3 FY26 earnings, backed by solid demand for the company’s graphics processing units (GPUs). Interestingly, TipRanks’ AI Analyst has an Outperform rating on Nvidia stock, reflecting optimism about its growth potential.
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Meanwhile, Wall Street expects Nvidia to report a 54.3% year-over-year rise in Q3 FY26 earnings per share (EPS) to $1.25. Revenue is estimated to grow by 56% to $54.80 billion.
NVDA Stock Earns Outperform Rating from AI Analyst
For context, TipRanks’ A.I. Stock Analysis delivers automated, data-driven evaluations of stocks, giving investors a clear and concise snapshot of a stock’s potential. Moreover, TipRanks’ A.I.-driven rating combines insights from multiple models, including OpenAI’s (PC:OPAIQ) GPT-4o and Perplexity’s SonarPro, to offer investors key insights into a stock’s potential.
TipRanks A.I. Analyst (based on the OpenAI – 4o model) has an Outperform rating on Nvidia stock, with a score of 85 out of 100. Its price target of $236 indicates 24.1% upside potential. The AI Analyst’s score is based on Nvidia’s solid financial results and favorable insights from the earnings call.
In particular, the AI analyst noted Nvidia’s impressive growth in AI and data center segments and the company’s investments in the AI ecosystem. The chip company has recently announced massive investments, including a $5 billion investment in Intel (INTC) and the $100 billion deal with OpenAI (PC:OPAIQ). The AI Analyst also believes that Nvidia is well-positioned to benefit from AI infrastructure opportunities. The AI analysis also takes into account bullish momentum indicated by technical indicators.
Meanwhile, the AI Analyst noted certain negatives, including valuation concerns, rising operating expenses, geopolitical risks, and increased regulatory scrutiny in China.
Is NVDA Stock a Buy, Sell, or Hold?
Heading into Q3 earnings, several Wall Street analysts have raised their price targets for Nvidia stock. Notably, Morgan Stanley analyst Joseph Moore raised his price target for NVDA stock from $210 to $220 and reiterated a Buy rating. The 5-star analyst expects Nvidia to deliver “the strongest result we have seen in the last few quarters.”
Overall, Wall Street has a Strong Buy consensus rating on Nvidia stock based on 37 Buys, one Hold, and one Sell recommendation. The average NVDA stock price target of $241.57 indicates 27% upside potential from current levels. NVDA stock has risen 42% year-to-date.
