Nvidia (NVDA) is in the spotlight as Wall Street gears up for the company’s upcoming Q3 Fiscal 2026 earnings report on Wednesday, November 19. With AI demand still surging, analysts are reiterating bullish calls on the stock due to its dominant position in the current compute cycle.
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Cantor Fitzgerald Calls Nvidia Stock a “Top Pick”
Cantor Fitzgerald analyst C.J. Muse reaffirmed a Buy rating and $300 price target on Nvidia, calling the earnings release “THE event of earnings season.”
Muse noted that investors should still expect a solid beat-and-raise scenario and positive commentary on the demand backdrop. Also, he believes that investors’ focus will be on long-term growth visibility into 2027. Further, he projects over 40% upside to consensus EPS for 2026.
The analyst said, “NVDA remains our hands-down TOP PICK and we reiterate our Overweight rating and $300 price target (equating to 24x our CY27 upside EPS).”
DA Davidson Says Demand “Overwhelming” Despite Competition
DA Davidson analyst Gil Luria also reiterated a Buy rating with a $250 price target, ahead of its Q3 earnings report. He expects the results to showcase continued strong demand for AI computing, which he believes will persist well into the future.
Luria noted that even if competitors gain some market share, the market is expanding so rapidly that competition poses little threat to Nvidia’s growth trajectory.
He said, “Nvidia remains incredibly well positioned to benefit in this compute environment despite rapidly growing competition.” Luria reiterates a Buy rating and $250 price target on NVDA stock.
Is Nvidia a Buy, Hold, or Sell Now?
On TipRanks, NVDA stock has received a Strong Buy consensus rating, with 37 Buys, one Hold, and one Sell assigned in the last three months. The average Nvidia stock price target is $242, suggesting an upside potential of 29.94% from the current level.
