Nvidia (NVDA) is gearing up to share its Q2 FY26 results on August 27. Over the past year, Nvidia’s stock has surged by about 42%. This impressive growth comes from the high demand for its AI-ready chips and data center servers. Analysts have big expectations, predicting earnings of $1.01 per share, a notable 49% increase from the previous year.
Revenues are projected to jump 53% compared to last year, reaching around $46.05 billion. This information is backed by data from TipRanks, which also highlights that Nvidia has outperformed Wall Street’s earnings forecasts for nine consecutive quarters.
Looking ahead, analysts are optimistic. John Vinh from KeyBanc has raised his price target for NVDA to $215, citing strong demand for AI products. He notes a 40% increase in supplies of Nvidia’s Blackwell GPU, expected to rise by another 20% this coming quarter.
Ruben Roy from Stifel also shares a positive outlook, increasing his price target to $212 based on the momentum surrounding Nvidia’s next-gen products. He emphasizes that the demand for Blackwell chips continues to grow.
In the options market, traders anticipate a potential 6.68% movement in Nvidia’s stock following the earnings report. This forecast is based on the calculation of options closest to expiration.
Currently, Nvidia stock has a consensus rating of “Strong Buy,” with 36 analysts recommending buy, three holding, and one selling. The average price target for NVDA suggests an 11.2% upside from its current price of $199.94.
As the demand for AI technology continues to grow, Nvidia appears to be in a prime position. The increasing reliance on AI in various sectors bodes well for the company’s future.
For those interested in exploring further, you can visit TipRanks for more detailed insights.
