Nvidia (NVDA) recently reported earnings results that beat analysts' estimates for the second quarter of the year. Despite its strong numbers, the chip company's stock fell more than 3% in Thursday's session due to troubling data on data center revenue.
“We believe NVIDIA continues to perform well across all segments. … We expect the data center segment to grow strongly as hyperscale customers continue to adopt GPU-accelerated deep learning to process large data sets,” wrote JPMorgan’s Harlan Sur. However, the stock has partially recovered and is currently down just 1.3% at $179. It also has a 33.4% upside in 2025.
What is Wall Street saying about Nvidia now?
Jefferies: Reiterated its buy rating and raised its price target to $205, implying a jump of more than 12%.
JPMorgan: Raised its price target by $45 to $215.
Bernstein: Went a bit further, increasing its price target to $225.
Goldman Sachs: Its price target is now at $200.
Citi: It again recommended buying and raised its price target to $210.
Loop Capital: Its highest price target is $250, representing a potential upside of nearly 40%.
