Nvidia price target raised to $230 from $215 at KeyBanc on strong guidance

Investing.com - KeyBanc raised its price target on Nvidia (NASDAQ:NVDA) stock to $230 from $215 on Thursday, while maintaining an Overweight rating following the chipmaker’s second-quarter results. The semiconductor giant, now valued at $4.43 trillion, maintains an EXCELLENT financial health score according to InvestingPro analysis.

The company reported second-quarter results that were slightly above consensus, with data center revenue missing expectations as compute was flat quarter-over-quarter while networking grew 46% quarter-over-quarter. KeyBanc noted this likely reflected lower GB rack yields in the first half of the year. Despite these challenges, Nvidia has demonstrated remarkable growth, with revenue surging 86% over the last twelve months.

Nvidia provided third-quarter guidance that came in solidly above expectations, even though both the second-quarter results and third-quarter outlook exclude China, which could contribute $2 billion to $5 billion in incremental revenue if more licenses are granted.

The firm highlighted that consensus estimates for the third quarter already include approximately $1 billion in China revenue and reflect improving GB rack shipments as GB300/B300 products ramp up, potentially generating tens of billions in revenue.

Despite what KeyBanc described as "slightly disappointing results," the firm raised its estimates based on the higher guidance from Nvidia, leading to the modest price target increase while maintaining its positive outlook on the stock. With analyst targets ranging from $100 to $270, and a strong consensus recommendation of 1.4 (Buy), investors seeking deeper insights can access comprehensive analysis and 20+ additional ProTips through InvestingPro’s detailed research reports.

In other recent news, Nvidia reported second-quarter 2025 earnings that surpassed expectations, with earnings per share reaching $1.04 compared to the forecasted $1.01. The company’s revenue also exceeded projections, coming in at $46.7 billion against an anticipated $46.1 billion. In addition to strong earnings, Nvidia provided optimistic guidance for the October quarter, projecting revenue of $54 billion, which exceeded market expectations. Piper Sandler highlighted that this guidance does not include potential revenue from Nvidia’s H20 chips, which could add between $2 billion and $5 billion in China revenue during the current quarter.

On the analyst front, Truist Securities raised its price target for Nvidia to $228, maintaining a Buy rating, citing AI growth despite sales results slightly below expectations. DA Davidson also increased its price target to $195 from $135, maintaining a Neutral rating, noting mixed results and concerns about selling H200 chips in China. Piper Sandler reiterated its Overweight rating with a $225 price target, emphasizing the potential upside from future chip sales. These developments reflect varying analyst perspectives on Nvidia’s performance and future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.