• For the first quarter, Koyfin estimates Nvidia to post earnings of $1.78 per share on revenue of $79.23 billion.
• KeyBanc expects Nvidia to deliver strong results and guidance, driven by several upside catalysts.
• DA Davidson thinks Nvidia’s position as the critical provider of compute equipment is unlikely to change soon.

Wall Street is gearing up for Nvidia’s (NVDA) first-quarter earnings, the last of the Magnificent 7 to report results this season, expected on Wednesday, May 20, after the closing bell.

Ahead of the report, at least four firms have issued fresh commentary while adjusting their price targets. At the time of writing, NVDA stock was up 2% in premarket trading on Monday.

KeyBanc’s Take On NVDA

KeyBanc expects Nvidia to deliver strong results and guidance, driven by several upside catalysts, including, among other things, a quarter-over-quarter increase in Blackwell GPU shipments, a potential $7 billion increase in revenue, and initial Rubin revenue of up to $4 billion included in the outlook, TheFly reported.

The firm noted that while China H200 approvals could represent up to $14 billion in potential revenue, management is likely to exclude it from guidance but still outline the possible impact. It kept its “Overweight” rating and set a new price target of $300, implying an upside potential of more than 33% from Friday’s closing.

Morgan Stanley Says Typical Beat-And-Raise Pattern Likely For NVDA

According to TheFly, Morgan Stanley stated that a typical beat-and-raise pattern is likely for Nvidia. The firm believes the quarter will be "a positive step towards a stock rerating." It also kept its “Overweight” rating and set a new price target of $285, implying an upside potential of more than 26%.

DA Davidson also hiked its price target on Nvidia to $300 while maintaining a ‘Buy’ rating, investing.com reported. The firm said Nvidia’s position as the critical provider of compute equipment is unlikely to change soon.

For the first quarter (Q1) of fiscal 2027, Koyfin estimates Nvidia to post earnings of $1.78 per share on revenue of $79.23 billion.

What Retail Thinks About NVDA

On Stocktwits, retail sentiment about NVDA remained ‘extremely bullish' amid ‘high’ message volumes over the last 24 hours.

One user on the platform noted that NVDA's stock price is “poised for a very positive market reaction” following its earnings report.

Another user thinks the company’s market cap will hit $6 trillion after earnings.

NVDA stock has gained nearly 21% so far this year, and more than 67% over the past 12 months, outperforming the S&P 500.

Of the 61 firms covering the stock, 58 have rated it a ‘Buy’ or higher; two ‘Hold,’ and one ‘Sell,’ according to Koyfin data.

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