Wedbush analyst Matt Bryson raised Nvidia’s (NVDA) price target by 23% just ahead of its second-quarter fiscal 2026 results due on August 27. He maintained his “Buy” rating on the stock while lifting the price target from $175 to $210, citing surging hyperscale artificial intelligence (AI) spending, resilient demand for GPUs (Graphics Processing Units), and a likely rebound in China sales. His revised price target implies 20% upside potential from current levels.
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Bryson is a five-star analyst on TipRanks, ranking #153 out of 9,986 analysts tracked. He boasts a 73% success rate and an average return per rating of 32.60%. To date, his best rating has been his “Buy” call on NVDA stock between August 16, 2019 and August 16, 2020, which generated a massive 190.70% return.
Wedbush Sees ‘Robust’ Demand for Nvidia’s Chips
Bryson raised his earnings estimates and valuation multiples for Nvidia, as he expects the GPU giant to comfortably exceed Q2 expectations. He cited strong demand conditions and early signs of a recovery in China exports. He also noted that shipments of Nvidia’s GB300 server chips remain on schedule for late Q3 or Q4.
He emphasized that hyperscale companies are ramping up investments in AI infrastructure. This increased capital expenditure directly benefits Nvidia, given its position as one of the largest suppliers of server components. He pointed out that capital spending by hyperscalers has surged 67% year-over-year and 23% sequentially.
In addition, Bryson discussed Nvidia’s ongoing transition from Blackwell to Blackwell Ultra GPUs. While customers may adjust inventories during this shift, Nvidia has historically managed such product transitions without significant disruptions. Finally, he noted that a potential rebound in China shipments could further strengthen sales momentum during this transitional phase.
Is Nvidia Stock a Buy Before Earnings?
Wall Street remains highly optimistic about Nvidia’s long-term outlook. On TipRanks, NVDA stock has a Strong Buy consensus rating based on 35 Buys and three Hold ratings. The average Nvidia price target of $197.89 implies 13.1% upside potential from current levels. Year-to-date, NVDA stock has surged 30.3%.
