Nvidia stock remains Cantor Fitzgerald’s "top pick" ahead of earnings

Investing.com - Cantor Fitzgerald has maintained its Overweight rating and $300.00 price target on NVIDIA (NASDAQ:NVDA) ahead of the company’s upcoming earnings report, scheduled for November 19. The semiconductor giant, currently valued at $4.62 trillion, has seen 13 analysts revise their earnings expectations upward for the upcoming period according to InvestingPro data.

The firm described NVIDIA’s earnings report as "THE event of earnings season," though it expects updates to be "more incremental" following the company’s GTC event on October 28.

Cantor Fitzgerald anticipates that "another solid beat/raise and positive commentary on the demand backdrop should be well received," with particular attention on any statements regarding visibility and growth extending into 2027. This outlook aligns with NVIDIA’s impressive 71.55% revenue growth over the last twelve months to $165.22 billion.

The research firm projects more than 40% earnings per share upside versus consensus estimates for calendar year 2026, supporting its continued bullish stance on the stock. InvestingPro analysis shows NVIDIA trading at a P/E ratio of 54.2 but with a favorable PEG ratio of 0.82, suggesting reasonable valuation relative to its growth rate despite appearing slightly overvalued based on InvestingPro’s Fair Value assessment.

NVIDIA remains Cantor Fitzgerald’s "hands-down TOP PICK," with the $300 price target representing 24 times the firm’s upside earnings per share estimate for calendar year 2027. This target falls within the broader analyst range of $100-$350, with the overall analyst consensus maintaining a Strong Buy recommendation at 1.34. Discover 16 more key insights about NVIDIA and access comprehensive Pro Research Reports covering 1,400+ top stocks through InvestingPro.

In other recent news, Nvidia is gearing up for its third-quarter fiscal 2026 earnings report, with several analysts expressing optimism about the company’s performance. DA Davidson has reiterated a Buy rating with a $250.00 price target, anticipating strong quarterly results driven by sustained demand for AI computing capabilities. Evercore ISI also maintains an Outperform rating, expecting Nvidia to surpass earnings expectations for the October quarter. Meanwhile, BofA Securities continues to support Nvidia with a Buy rating and a $275.00 price target, citing its leadership in AI chip technology. Wells Fargo has raised its price target to $265.00, reflecting a positive outlook on Nvidia’s data center business, which benefits from increased hyperscale capital expenditure. In a significant development, GMI Cloud has announced plans to build a $500 million AI data center in Taiwan, utilizing Nvidia’s Blackwell GB300 chips. This facility is expected to be operational by March 2026 and will significantly enhance AI processing capabilities. These developments highlight Nvidia’s ongoing influence in the AI and data center sectors.

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