- Citi raised its price target for NVIDIA to $220 per share, a 17% increase from the previous close, and maintained its ‘Buy’ rating.
- Citi predicts Nvidia will report stronger-than-expected third-quarter results, with projected Q3 sales of $56.8 billion and Q4 guidance near $62 billion.
- UBS expects Nvidia to guide Q4 revenue between $63 billion and $64 billion, keeping its ‘Buy’ rating and a $235 price target.
- Nvidia stock has climbed more than 46% in 2025 and 35% over the last year, despite recent declines in broader tech shares.
Citi has increased its price target for Nvidia to $220 per share, up from $210, ahead of the company’s third-quarter earnings announcement on November 19. This new target signals a possible 17% upside from the stock’s closing price on Friday. The bank’s move reflects growing confidence in Nvidia’s ability to surpass Wall Street’s expectations in the near term.
Analyst Atif Malik from Citi anticipates that Nvidia will report third-quarter sales of about $56.8 billion, which is above the consensus estimate of $54.6 billion. Malik also expects the company to forecast fourth-quarter revenue around $62 billion, higher than the roughly $61 billion anticipated by the market. Key factors driving this outlook include strong spending on Artificial Intelligence (AI) infrastructure and the delivery of six million Blackwell AI chips, as Malik explained in a report.
Retail investor sentiment on Nvidia remained high, with message volume and “bullish” activity noted on Stocktwits. Nvidia shares traded more than 3% higher on Monday morning. Despite a major rally in recent years, Citi considers the company’s stock valuation to remain attractive.
UBS has also reiterated its positive stance on Nvidia. The firm projects fourth-quarter guidance between $63 billion and $64 billion, with a maintained ‘Buy’ rating and a $235 price target. UBS sees continued leadership from Nvidia in AI-centered computing, and the expectation that the company may provide even stronger revenue guidance was discussed.
Over the past week, technology stocks have faced losses amid increased concern about the potential for an AI market downturn. However, market research from Fundstrat indicates the broader technology sector remains in a strong position for recovery. So far in 2025, Nvidia stock has gained over 46%, and it is up over 35% in the past twelve months.
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