This article first appeared on GuruFocus.
Aug 21 – Nvidia (NASDAQ:NVDA) continues to draw investor attention as analysts raise their price targets ahead of the company’s second-quarter earnings report on August 27. The chipmaker’s stock outlook remains supported by strong AI demand, its leadership position in the semiconductor market, and easing U.S. export restrictions.
Shares of NVDA edged higher on Thursday’s opening.
Consensus estimates call for earnings of $1.01 per share on revenue of $45.87 billion. Analysts remain confident that Nvidia will deliver another solid quarter, although expectations are high.
KeyBanc analyst John Vinh increased his price target on NVDA to $215 from $190 while reiterating a Buy rating. Vinh expects strong July-quarter results but noted guidance for the October quarter could be more cautious, as forecasts likely exclude China sales pending license approvals. If those sales are included, Nvidia could generate an additional $2 billion to $3 billion from its H20 and RTX6000D chips.
Susquehanna analyst Christopher Rolland also lifted his target, moving to $210 from $180 with a Buy rating. Rolland cited the strength of Nvidia’s data center segment and highlighted the upcoming GB300 product line as a catalyst for double-digit revenue growth, supported by higher selling prices and expanding margins.