Analysts hike Nvidia price target as Blackwell launch fuels new leg of growth

Piper Sandler analysts reaffirmed an Overweight rating for Nvidia (NASDAQ: NVDA) stock on Monday and lifted their target price from $120 to $140, driven by bullish expectations ahead of the company's earnings report for the July quarter and guidance for the October quarter.

We see the strong business trends exhibited over the prior year by NVDA set to continue aided by the official launch of the Blackwell architecture in the October quarter,” analysts led by Harsh V. Kumar said in a note.

The investment bank sees the launch of the Blackwell architecture as a catalyst for a new phase of growth, with continued strong demand from cloud service providers (CSPs), enterprises, and sovereign entities. Analysts predict that demand for NVIDIA's upcoming B100/B200 products will significantly outpace supply.

In its bull scenario, the firm believes that NVDA may surpass expectations by more than $2 billion in reported revenue for the July quarter, supported by a recovery in networking supply.

“In our view, NVDA continues to be a premier player in the accelerated compute and gen AI end market,” analysts added.

Similarly, Loop Capital analysts raised their price target on Nvidia stock from $120 to $175, citing the AI darling’s potential to generate material upside to consensus revenue and earnings estimates for fiscal 2026.

“Specifically, Data Center revenue potential of ($215B - $240B, vs Street of $145B) and Compute Revenue (GPU) of $200B - $225B (Street at $132B). We see EPS potential of $5.30 - $6.00 vs Street of $3.76,” Loop analysts wrote.

The firm’s revision of estimates was in large part driven by its average selling price (ASP) forecast for the calendar year 2025, now projected at $31,000 compared to the previous estimate of $25,000.

Loop said its analysis suggests that the potential for reaching 7.0 million data center GPUs in CY2025/FY2026 (January) is now feasible, which would represent the high end of their revenue and EPS projections.

By Vahid Karaahmetovic

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