Nvidia (NVDA) has been among the biggest winners of the AI boom, with its chips powering everything from data centers to new AI applications. Meanwhile, NVDA stock has remained one of Wall Street’s favorites, soaring over 40% in the last 12 months. Now, with Q2 earnings just ahead, the big question is whether Nvidia can hold on to its AI crown. According to analysts, the answer is yes. Overall, analysts stay positive on Nvidia, pointing to strong AI demand, its leading position in chips, and relief from U.S. export rules.
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What to Expect from Nvidia’s Q2 Earnings
Analysts expect Nvidia to post Q2 earnings of $1.01 per share, up 49% from last year. At the same time, revenue is projected to climb 53% year-over-year to $46.05 billion, based on consensus estimates.
Now, investors are waiting to see if Nvidia can once again beat Wall Street’s estimates. As usual, much attention will also be on CEO Jensen Huang’s guidance and outlook for the quarters ahead.
Wall Street Weighs In Before Q2 Results
Ahead of Q2 results, several analysts have raised their price targets on NVDA stock, reaffirming their bullish stance.
Among the many, Baird’s top-rated analyst Tristan Gerra raised his price target on Nvidia to $225 from $195 yesterday, suggesting around 25% upside from current levels. Gerra also kept his Buy rating, citing strong chip demand and upcoming product launches as key growth drivers.
He pointed out that Nvidia’s sales and profit outlook is getting stronger thanks to a big jump in GB200 chip shipments in July, with demand likely to stay strong through the second half of the year. He also highlighted that Nvidia’s next chip, the GB300, is set to launch in late September, which could drive heavy orders into year-end.
Cantor’s Top Analyst Reaffirms Buy on NVDA
Meanwhile, Cantor Fitzgerald’s five-star-rated analyst CJ Muse reiterated his Buy rating with the second-highest price target of $240. It implies an upside of over 30% from the current level.
Muse noted some recent market worries, like momentum stock pullbacks, challenges in AI adoption, and reports of Chinese firms exploring U.S. accelerator solutions. But he called these temporary. He reaffirmed Nvidia as Cantor’s “top idea,” pointing to the early stages of its Blackwell chip cycle, which he believes could drive big earnings beats and lift EPS to around $8 by calendar year 2026.
Is NVDA a Good Stock to Buy Now?
According to TipRanks, NVDA stock has a Strong Buy consensus rating based on 36 Buys, three Holds, and one Sell assigned in the last three months. At $199.94, the Nvidia average share price target implies an 11.2% upside potential.
