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May 12 - Nvidia (NASDAQ:NVDA) is navigating through broader headwinds. The stock is down over 15% this year. Trade tensions, export controls, and growing competition from Chinese firms like Huawei are weighing on investor sentiment.
Still, Wall Street isn't backing off. Most analysts remain bullish heading into Nvidia's Q1 fiscal 2026 results, set for May 28. Strong demand for its AI chips and steady execution are helping keep confidence intact.
The company is expected to post a 46% jump in earnings per share to $0.89. Revenue may climb 66% to $43.1 billion. Analysts say Nvidia continues to benefit from the AI boom, especially as big tech firms ramp up spending.
To address U.S. export restrictions, Nvidia is preparing a downgraded version of its H20 chip for China. The move could help it stay competitive in a key market. Hopes for a potential rollback of current restrictions also gave shares a boost last week.
DBS analyst Fang Boon Foo lowered his price target to $160 from $175, but kept a Buy rating. Bank of America's Vivek Arya also sees upside, setting a $150 target and forecasting a Q1 revenue beat.
Is NVDA a Buy Now?
Based on the one year price targets offered by 51 analysts, the average target price for NVIDIA Corp is $163.71 with a high estimate of $235.92 and a low estimate of $100.00. The average target implies a upside of +40.35% from the current price of $116.65.
This article first appeared on GuruFocus.