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Investing.com - Goldman Sachs has reiterated its Buy rating and $200.00 price target on Nvidia (NASDAQ:NVDA), currently trading near its 52-week high with a market capitalization of $4.43 trillion, following the company’s recent quarterly results.
The investment bank noted that while Nvidia delivered in-line quarter and guidance, the stock might trade down modestly due to elevated expectations heading into the earnings call.
Goldman Sachs highlighted positive developments including Nvidia’s Rubin product entering early manufacturing with volume production on track for mid-2026, and significant customer diversification with sovereign customers expected to generate over $20 billion in revenue this year.
The firm expressed some uncertainty regarding Nvidia’s China business resumption, citing unclear demand for H20 products and pending export licenses for Blackwell architecture products.
Goldman Sachs maintained its optimistic outlook for Nvidia’s long-term prospects, with 2026 earnings estimates approximately 10% above consensus, driven by anticipated increases in hyperscaler spending and growing demand from non-traditional customers.
In other recent news, Nvidia has announced several updates that have caught the attention of investors. The company reported a mild earnings beat, with stronger performance in its Gaming segment, although its guidance fell short of the approximately $55 billion anticipated by investors. Despite this, Nvidia has projected $7 billion in incremental quarterly revenue, a significant growth milestone that excludes China sales. Following these developments, several analyst firms have adjusted their price targets for Nvidia. Morgan Stanley raised its price target to $210, while maintaining an Overweight rating, and Jefferies increased its target to $205, citing strong demand and smooth rollout of the B300 product line. TD Cowen maintained its Buy rating with a $235 price target, despite describing the results as "lackluster" by recent standards. KeyBanc also raised its price target to $230, noting the company’s strong guidance and second-quarter results that were slightly above consensus. Additionally, Mizuho reiterated its Outperform rating with a $205 target, expecting Nvidia to sustain its leadership in AI training and inference chips for data centers.
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