Nvidia (NVDA) stock edged higher on Thursday after three Top analysts updated coverage on the semiconductor giant with bullish views.
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Let’s dig into the latest analyst coverage for NVDA stock.
- Five-star J.P. Morgan analyst Harlan Sur maintained a Buy rating and $215 price target for NVDA, implying a 25.25% upside for the stock. He remains optimistic about the chipmaker’s long-term growth, especially in its Data Center business amid the ongoing AI boom.
- Five-star Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and increased the price target to $215 from $205, suggesting a potential 25.25% upside for the shares. The analyst cited the company’s growth prospects and valuation alongside his updated coverage.
- Four-star Phillip Securities analyst Yik Ban Chong raised his price target on Nvidia from $145 to $185 and kept a Buy rating, implying 7.77% upside from current levels. He cited continued demand strength across AI and gaming.
Nvidia Stock Movement
Despite positive analyst updates, Nvidia shares gained only 0.61% on Thursday, reflecting a muted market response. Still, the stock remains up 27.85% year-to-date, as investors continue to see it as a leading name in the AI chip space.
What Does the Muted Stock Price Response Indicate?
Nvidia’s small stock gain, despite upbeat analyst calls, reflects that investor worries about supply have not gone away. Many traders believe demand for the new Blackwell GPUs is higher than what the company can deliver, raising doubts about near-term sales. If Nvidia cannot fill orders fast enough, AMD (AMD) and Intel (INTC) may gain ground.
Adding to the cautious mood, Nvidia’s recent Q2 earnings call did not fully impress Wall Street. The company beat top- and bottom-line estimates, but Data Center revenue grew only 5% sequentially, falling short of high expectations. Several analysts said the miss likely reflects Nvidia’s struggle to ship enough of its most popular GPUs.
Notably, Seaport analyst Jay Goldberg remains one of the few open bears on Nvidia, keeping a Sell rating with a Street-low $100 target, implying more than 40% downside. He pointed to the slowdown in Data Center revenue growth, the weakest since the AI boom began, as a sign that Nvidia’s growth story may not be as strong as many think.
Is NVDA a Strong Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 35 Buys, three Holds, and one Sell assigned in the past three months. Further, the average NVDA price target of $211.41 per share implies 23.16% upside potential.
