- Goldman Sachs has raised its NVIDIA stock price target to $250, implying roughly 35% upside from current levels.
- The bank anticipates a $2 billion fourth-quarter revenue beat and expects first-quarter revenue to be 8% above consensus.
- Future stock performance is now seen as dependent on revenue visibility into 2027, suggesting a high bar has been set.
- Major catalysts include surging hyperscaler spending, demand from AI firms like OpenAI, and potential sales in China.
Goldman Sachs has reset its Nvidia stock forecast ahead of crucial quarterly results on May 22, projecting a significant revenue beat. The bank’s latest Nvidia price target sits at $250, which represents about 35% upside from where the stock recently closed. This revision comes at a pivotal moment as shares have retreated 13% from their peak.
Consequently, the challenge is no longer merely surpassing high estimates. Analysts note that “upside to Nvidia’s CY26 estimates is largely priced into the stock at current levels.” Consequently, stock price outperformance will now hinge on revenue visibility extending into 2027. Multiple catalysts, however, could still drive shares higher going forward.
Hyperscaler spending forecasts for 2026 have climbed dramatically, providing a substantial tailwind. Meanwhile, non-hyperscaler demand from companies like OpenAI and Anthropic represents another key growth area. CEO Jensen Huang highlighted the massive industry shift, stating, “Some $10 trillion or so of the last decade of computing is now being modernized.”
Potential Nvidia sales in China could further impact the stock outlook following U.S. approval for H200 shipments. Goldman Sachs has modeled aggressive growth through 2028, supporting its bullish stance. For 2026, the bank expects $215.1 billion in revenue
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