As the world’s most valuable chipmaker gears up for its Q1 FY27 earnings results on Wednesday, May 20, 2026, Wall Street analysts are getting increasingly bullish on Nvidia (NVDA). In a new research report, top Goldman Sachs analyst James Schneider recently reiterated a Buy rating and a $250 price target on the stock, implying about 20% upside from current levels.
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New trading tool for NVDA bearsThe 5-star analyst pointed out that Nvidia stock is currently trading below its historical valuation levels despite the company’s strong position in the AI market. Schneider believes the stock could see a “major re-rating” if hyperscalers like Amazon (AMZN), Alphabet (GOOGL), and Microsoft (MSFT) continue generating stronger returns from their AI investments and enterprise AI adoption keeps expanding.
Why Goldman Sees More Growth Ahead for Nvidia
The main reason for Goldman’s optimism? “Agentic AI”. While much of the initial AI boom was driven by training large language models (LLMs), the next phase is expected to focus more on AI agents that can reason, make decisions, and complete tasks independently.
Schneider believes that as Agentic AI adoption expands across enterprises, it could create another massive growth wave for Nvidia. The trend is expected to benefit not only Nvidia’s GPU business but also its server CPU segment, which the analyst believes remains underappreciated by the market.
The analyst is also looking for more visibility into deployments among non-traditional customers, including sovereign nations and smaller enterprises, which could signal that AI adoption is expanding beyond major tech companies.
All Eyes on May 20 Earnings
The 5-star analyst expects Nvidia to report a “beat-and-raise” quarter as industry demand and supply trends remain strong. Schneider said that his updated 2026 and 2027 estimates for Nvidia are 14% and 34% above broader Wall Street expectations, respectively.
Meanwhile, Wall Street expects Nvidia to post earnings of $1.74 per share, which would mark a 115% increase from the same period last year. Similarly, revenues are expected to rise by 78% from the same quarter last year, reaching $78.62 billion, given the strong demand for the company’s Blackwell chips and Grace Blackwell platforms.
What Is Nvidia’s Stock Price Target?
Looking ahead, analysts still rate Nvidia stock as a Strong Buy, with 40 Buys, one Hold, and one Sell assigned in the last three months. At $274.38, Nvidia’s average 12-month stock price target implies an upside of over 30% from the current level.
