Nvidia’s stock price has gained more than 32% year-to-date, driven by solid demand for its graphics processing units (GPUs) and the ongoing artificial intelligence (AI) boom. Several top-rated analysts have increased their price target for the company ahead of its second-quarter earnings report on August 27.
Evercore analyst Mark Lipacis has boosted his price target from $190 to $214, citing an attractive valuation and a strong growth outlook. He expects Nvidia’s earnings per share (EPS) to grow by 48% in 2025 and 39% in 2026, which reflects a price-to-earnings growth (PEG) ratio well below parity.
Lipacis notes that investors’ concerns about NVDA reaching a 14% weighting in the S&P 500 are unfounded. He cites precedents set by Intel, Microsoft, Dell, and Cisco, which also captured significant weightings at their peak due to their vertically integrated ecosystems.
Other analysts, including Wedbush’s Matt Bryson, have also raised their price target for NVDA stock ahead of Q2 earnings. The Strong Buy consensus rating on TipRanks is based on 35 Buys, three Holds, and one Sell recommendation, with Wall Street expecting a 48% year-over-year growth in EPS to $1.01 and a 53% jump in revenue to about $45.9 billion.
The average NVDA stock price target of $198.57 indicates 11.5% upside potential from current levels. Despite ongoing uncertainties related to H20 chip sales to China, the bullish sentiment on Nvidia’s stock remains intact due to its strong demand for AI chips.
Source: https://www.tipranks.com/news/top-evercore-analyst-boosts-nvidia-nvda-stock-price-target-ahead-of-q2-earnings