Nvidia (NVDA) stock has cooled slightly from its all-time high of $236.54 after a small sector‑wide pullback. However, Wall Street analysts remain upbeat ahead of the company’s first-quarter earnings report tomorrow, May 20. Several analysts reiterated bullish views, saying the chipmaker’s product roadmap and lead in AI still point to strong results and steady long‑term growth.
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Truist Securities analyst William Stein reiterated a Buy rating and $287 price target, calling Nvidia “the AI company” and the key tech supplier behind the entire AI stack, which he described as “an operating system for AI models and applications.”
Stein said he sees a solid setup heading into Q1 earnings, citing stronger fundamentals and what he views as a fair valuation after the recent pullback. He also noted that demand for Nvidia’s Blackwell platform could support the stock.
HSBC: Another ‘Beat and Raise’ Quarter Likely
HSBC analyst Frank Lee raised his price target to $325 from $310 and kept a Buy rating. Lee expects Nvidia to post Q1 revenue of $81.1 billion, above both company guidance and consensus estimates.
He also sees Q2 revenue of $91.1 billion, implying another “beat and raise” quarter. Lee raised his FY28 EPS estimate by 27%, driven by higher expected datacenter revenue and increased CoWoS wafer supply.
Bottom line
Even after a small pullback, analysts stay upbeat on Nvidia heading into earnings. They point to steady demand for Blackwell chips, strong AI compute needs, and a long runway for AI adoption that keeps widening Nvidia’s market.
Whether the stock bounces right away will depend on Nvidia’s results and guidance on May 20, but Wall Street’s tone going into the report remains clearly positive.
Currently, Wall Street expects Nvidia to report EPS (earnings per share) of $1.75, reflecting 116% year-over-year growth. Revenue is estimated to rise 79% to $78.91 billion.
What Is the Prediction for NVDA Stock?
Turning to Wall Street, NVDA stock has a Strong Buy consensus rating based on 40 Buys, one Hold, and one Sell assigned in the last three months. At $281.97, the average Nvidia stock price target implies a 27.82% upside potential.
