Top Analysts Say ‘Buy’ Nvidia Stock (NVDA) Ahead of Q1 Earnings Reveal

Nvidia (NVDA) is again the center of Wall Street’s attention as analysts ramp up their bullish calls ahead of the chip giant’s upcoming earnings report. The company is scheduled to announce its first-quarter results for FY26 on May 28, after the market closes. NVDA stock has surged more than 20% over the past month, largely driven by Saudi Arabia’s recent push into AI infrastructure. Meanwhile, a fresh wave of buy ratings reflects rising optimism that Nvidia’s rally is far from over.

What are the Expectations for Nvidia’s Q1 Earnings?

Wall Street expects Nvidia’s Q1 FY26 earnings per share to surge to $0.73, up from $0.61 a year ago. At the same time, revenue is projected to climb more than 66% to $43.28 billion, according to TipRanks’ analyst forecast page.

Apart from these key figures, investors will be closely watching for updates on the ramp-up of its Blackwell architecture, which is expected to drive a major portion of the company’s projected revenue.

On the other hand, key concerns include supply chain visibility, demand trends, and the impact of U.S. export restrictions on China, where Nvidia is working on compliant chips. Moreover, forward guidance will also be critical, with Wall Street eyeing full-year revenue of $198.8 billion in FY26.

Analysts Confirm Buy Ratings on NVDA Stock

Five-star-rated analyst Rick Schafer of Oppenheimer recently reiterated his Buy rating on NVDA stock, expressing confidence that U.S. export restrictions will have only a limited impact. For context, Nvidia announced a $5.5 billion charge linked to export restrictions on its H20 chips in April 2025. His optimism is driven by the recovery in GB200 rack-scale production and the strong ramp-up of Blackwell 200/300 units, which are on track to reach or exceed 40,000 units this year. Additionally, Schafer expects next-quarter guidance to be roughly in line with Wall Street expectations.

Similarly, Cantor Fitzgerald’s top-rated analyst, C J Muse, stated that the Q1 earnings report will serve as a turning point, providing clear visibility into a revenue reacceleration in the second half of calendar 2025. Muse also believes that while the impact from China is notable, it will likely be offset by the strong ramp-up of NVIDIA’s Blackwell product line.

In addition, top analysts from Stifel, Bank of America, Susquehanna, KeyBanc, and others have reaffirmed their Buy ratings on Nvidia stock.

Is Nvidia Share a Good Buy?

According to TipRanks, NVDA stock has a Strong Buy consensus rating based on 34 Buys, four Holds, and one Sell assigned in the last three months. At $164.51, the Nvidia stock price target implies a 25.3% upside potential.

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