More Bulls Boost Nvidia Targets as Expectations Climb Ahead of Earnings

Nvidia (NVDA) stock’s rapid rise on the back of booming AI demand has already made the chipmaker the world’s most valuable company. Most Wall Street analysts think its stock still has room to climb. 

Expectations are on the rise ahead of the company’s earnings after the bell Wednesday, with Baird on Monday bumping its price target up to $225 from $195, after Stifel over the weekend lifted its to $212 from $202. Several others, including Morgan Stanley, UBS, and Wedbush, lifted theirs last week.

Those targets are consistent with most others on the Street. Of the 14 analysts with current ratings surveyed by Visible Alpha, 10 have targets between $200 and $225, with two at or just above $190, and one that calls the stock a “buy” without a target. Just one expects the stock to decline from its recent levels to $155. 

The stock rose 1% Monday to close just under $180, and has added over a third of its value in 2025 so far.

“We continue to believe that NVDA’s leadership positioning in AI infrastructure remains unchallenged,” Stifel analysts said. They pointed to optimism around improving China sales after Nvidia struck a revenue-sharing deal with the Trump administration in order to resume sales of AI chips to the region, and Trump signaled the company could win more licenses for future chips.

Baird similarly highlighted Nvidia’s strong position and “lack of relevant competition for the medium term,” as well as signs of an acceleration in shipments of its GB200 Grace Blackwell superchip.

The chipmaker is widely expected to report another quarterly sales record, despite some headwinds from export restrictions that were in place before Nvidia’s recent revenue-sharing deal.