Goldman Sachs raised the firm’s price target on Nvidia (NVDA) to $240 from $210 and keeps a Buy rating on the shares. Investor attention is likely to center on Nvidia’s $500B Datacenter revenue forecast, OpenAI deployment timing and revenue in CY26, the Rubin ramp, and potential resumption of business in China, the analyst says in a research note. Expectations are elevated following recent AI infrastructure announcements and the company’s GTC event. The stock reaction will likely depend on the degree to which quarterly results and guidance exceed expectations, Goldman adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Nvidia Stock (NVDA) Gains After Securing Major AI Chip Deal in South Korea
- Monolithic Power price target raised to $1,300 from $1,250 at KeyBanc
- VTI ETF Daily Update, 10/31/2025
- Michael Burry Issues ‘Bubble’ Warning after Two-Year Hiatus – Is He Shorting the Market?
- Nvidia (NVDA) Set for Another ‘Beat-and-Raise’ Quarter, Says Top Goldman Sachs Analyst