Nvidia (NVDA) shares are drawing strong Wall Street attention ahead of the company’s first-quarter earnings report today. Just before the results, Barclays turned more bullish on Nvidia as options activity pointed to growing expectations for another strong quarter.
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Explore NVDS for 2X short leverage on NVDAThe bank said NVDA options are pricing in a post-earnings move of about 5.3%, close to the stock’s average earnings move of 4.6% over the past two years.
The firm also said bullish Nvidia call activity ahead of earnings is near its highest level in the past 10 years, showing that traders expect further upside in the stock. Barclays continues to view Nvidia as one of the strongest semiconductor companies tied to long-term AI growth in its “Disruption ’26” technology picks.
What Tipranks’ Options Data Indicates
According to TipRanks’ Nvidia options data, traders expect NVDA shares to move about 6.15%, or roughly $13.56, after earnings. This implied move is slightly higher than Nvidia’s average post-earnings move (in absolute terms) of 3.16% over the past four quarters.
The options market currently shows heavy activity around upside strike prices between $220 and $230 ahead of the report. That suggests many traders are positioning for further gains if Nvidia delivers another strong quarter and upbeat AI guidance.
What 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 $78.91 billion, marking a growth of over 75% year-over-year.
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 $281.59 per share implies 26.6% upside potential.
