Bank of America just raised its EUR/USD forecast
On Tuesday, Morgan Stanley (NYSE:MS) reaffirmed its Overweight rating on NVIDIA shares, coupled with a steadfast price target of $152.00. The semiconductor giant, currently trading with a perfect Piotroski Score of 9 according to InvestingPro, has demonstrated impressive financial strength with revenue reaching $113.27 billion and maintaining robust gross margins of 75.86%. The firm’s analysts underscored a range of market expectations for NVIDIA, acknowledging recent concerns over the slow adoption of its GB200 chip, questions surrounding the DeepSeek algorithm, and potential weakness in the Hopper GPU. Yet, they also noted a shift in sentiment with more optimistic forecasts, particularly regarding guidance for the April quarter.
Despite uncertainties related to export controls, Morgan Stanley does not anticipate NVIDIA to project a significant positive turnaround in April. The analysts observed a recurring pattern where apprehensions about the company’s performance, such as those involving the ramp-up of its Blackwell products, tend to dissipate by the earnings report, leading to increased stock prices and expectations. Current analyst consensus remains highly bullish, with targets ranging from $120 to $220 per share, reflecting the market’s confidence in NVIDIA’s growth trajectory.
Morgan Stanley’s commentary suggested that while they do not view the upcoming quarter as a pivotal catalyst for NVIDIA’s stock, they maintain a positive outlook for the second half of the year. They anticipate that once NVIDIA overcomes the export control hurdles, there will be a momentum shift favoring the company, driven by the ongoing Blackwell cycle.
The analysts also expressed a desire to see a return to the CEO’s enthusiastic tone from late last year, contrasting it with a more subdued presence at the Consumer Electronics Show (CES), which they interpreted as managing expectations.
In conclusion, Morgan Stanley holds NVIDIA as their top pick, despite not expecting the current quarter to significantly impact the stock. They remain confident that NVIDIA will navigate through the transitional period and emerge with strong performance in the latter half of the year.
In other recent news, NVIDIA Corporation (NASDAQ:NVDA) is set to release its F4Q25 earnings, with analysts from Rosenblatt Securities anticipating a favorable report. The firm maintains a Buy rating and a $220 price target, expecting a slight outperformance and an optimistic outlook for both the January and March quarters. Meanwhile, Cantor Fitzgerald reiterated its Overweight rating with a $200 price target, highlighting NVIDIA’s consistent trend of surpassing revenue guidance by approximately $2 billion. This financial consistency has led to heightened expectations, with Cantor Fitzgerald suggesting that more substantial performance increases might occur with the full-scale launch of NVIDIA’s Blackwell in the July quarter.
Evercore ISI also maintained its Outperform rating and a $190 price target on NVIDIA, although it does not foresee a significant beat or raise in the upcoming earnings report. The firm believes NVIDIA remains an attractive stock within the AI sector due to its valuation. In legal developments, NVIDIA has filed a lawsuit against EU antitrust authorities regarding the scrutiny of its acquisition of AI startup Run:ai. The legal action challenges the EU’s decision to review the deal, which NVIDIA claims was unlawful based on a previous court ruling.
These developments come as the investment community closely monitors NVIDIA’s strategic direction and financial performance. Analysts are particularly interested in updates regarding Blackwell, NVIDIA’s latest product line, which could influence future earnings and market positioning.
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