All eyes are on Nvidia (NVDA) ahead of its Q1 FY27 earnings report scheduled for May 20. Heading into earnings, several Wall Street analysts have raised their price targets on NVDA stock, citing strong demand for AI chips, continued data center growth, and rising enterprise AI spending. With expectations running high once again, investors are closely watching whether Nvidia can deliver another strong quarter and upbeat guidance. Let’s dig deeper.
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Trade NVDA with leverageWhat to Expect from Nvidia’s Q1 Results
Analysts expect the company to post earnings of $1.75 per share, up by more than 100% year-over-year. Meanwhile, revenue is expected to be around $78.82 billion, marking a growth of over 75% year-over-year.
Top Analysts Lift Price Targets on NVDA Stock
Wall Street remains highly bullish on NVDA, with 40 out of 42 analysts currently rating the stock a Buy.
Among the latest calls, Cantor Fitzgerald analyst David Siffringer raised his price target on Nvidia from $300 to $350 while maintaining a Buy rating. He believes Nvidia continues to face stronger AI demand than available supply through 2026 and 2027, driven by the growing adoption of agentic AI and strong returns on AI infrastructure spending.
Siffringer also noted that despite Nvidia’s massive long-term growth potential extending into 2028 and 2029, the stock’s valuation has recently faced pressure due to concerns about rising competition, the sustainability of HBM memory margins, and broader investor skepticism. As a result, the higher price target is justified.
Likewise, five-star-rated analyst Timothy Arcuri at UBS also increased his price target for NVDA to $275 from $245 and kept his Buy rating. Arcuri expects Nvidia to report roughly $81 billion in revenue for the April quarter and guide for approximately $90 billion to $91 billion in revenue for the July quarter. He stated that this strong outlook is being driven by continued demand for Nvidia’s Blackwell AI chips and the expected ramp-up of Rubin rack shipments beginning around September and October.
BofA Stays Bullish on AI Data Center Market
Meanwhile, Bank of America’s top-rated analyst Vivek Arya lifted his price target from $300 to $320, predicting an upside of over 35%. The firm also raised its 2030 AI data center systems total addressable market estimate to about $1.7 trillion from its previous forecast of $1.4 trillion.
Arya believes AI sales will continue growing rapidly in 2026, with companies seeing better returns on their AI investments. He also expects 2027 to bring improved AI efficiency as next-generation computing and memory systems become more widely adopted.
Is Nvidia Stock Still a Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on Nvidia stock based on 40 Buys, one Hold, and one Sell assigned in the past three months. Furthermore, the average 12-month Nvidia price target of $279.28 per share implies 18.5% upside potential.
