Nvidia (NVDA) delivered a strong Q1 earnings beat, prompting several Wall Street analysts to raise their price targets. The upbeat results, driven by surging demand for AI chips and data center growth, have reinforced confidence in Nvidia’s long-term outlook. Nonetheless, NVDA stock is down by 0.33% in pre-market hours as investors are becoming more focused on future risks.
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NVDS: built for a short position on NVDAFor context, Nvidia reported earnings per share of $1.87, beating analysts’ estimates of $1.75. Meanwhile, revenue also jumped 85% year over year to $81.6 billion, ahead of Wall Street expectations of $78.9 billion.
Wedbush Lifts NVDA Price Target to $330
Wedbush’s five-star-rated analyst Daniel Ives raised his price target to $330 from $300 and keeps a Buy rating on the shares. His price target implies an upside of almost 48% from the current level. Ives highlighted a strong Q1, with both revenue and earnings per share beating Wall Street expectations.
He noted that management also guided for about $91 billion in Q2 sales, which Ives believes is above investor expectations and ahead of earlier forecasts, even with some potential upside not included in guidance.
Morgan Stanley Calls NVDA Results ‘A Clean Beat’
Five-star-rated analyst Joseph Moore at Morgan Stanley raised his price target on Nvidia to $288 from $285 and maintained a Buy rating on the stock. He called the company’s results a “clean beat and raise” across key metrics.
Moore also said the strong rollout of the upcoming Nvidia Vera Rubin platform is expected to further confirm Nvidia’s leadership in AI infrastructure and data center economics. He further described Nvidia as the “best value in semis,” highlighting its continued strength in the AI chip market.
KeyBanc Raises Nvidia Price Target to $285
KeyBanc’s five-star analyst John Vinh raised his price target on Nvidia to $310 from $300, while maintaining a Buy rating. He highlighted that data center revenue growth accelerated to over 90% year-over-year in Q1, up from 75% in the previous quarter.
Vinh also pointed to continued uncertainty around China shipments of H200 chips despite U.S. approval — while highlighting strong momentum for the upcoming Nvidia Vera Rubin platform, which remains on track for a second-half 2026 launch starting in Q3.
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 $299.21 per share implies 34% upside potential.
