NVDA Stock Has Gained Nearly 16% In A Month – But Wall Street Sees Further Upside

• Wells Fargo raised its price target on Nvidia to $315 from $265 and kept an ‘Overweight’ rating, according to The Fly.
• The firm said Nvidia’s stock still looks attractive, noting that it trades at less than 20 times its price-to-earnings multiple.
• Nvidia’s GB300 fully liquid-cooled AI supercomputing platform is expected to support strong financial results this year.

Shares of Nvidia Corp (NVDA) have been on a powerful upward run, climbing more than 16% over the past month and hitting a fresh all-time high on Tuesday, but analysts believe there’s room for further rally.

The stock gained over 1% in early trading and is on track to extend a four-session winning streak. 

NVDA shares reached a market cap of about $5.4 trillion on Monday, surpassing the entire S&P 500 healthcare sector, which is valued at roughly $5.2 trillion across 59 companies, Barron’s reported on Monday.

Brokerages Are Bullish Ahead Of NVDA’s Q1 Results

Wells Fargo raised its price target on Nvidia to $315 from $265 and kept an ‘Overweight’ rating, according to The Fly. Despite concerns about market share and profit margins peaking, Wells Fargo said Nvidia’s stock still looks attractive, noting that it trades at less than 20 times its price-to-earnings ratio (P/E) and continues to have strong long-term growth potential.

Susquehanna raised the price target to $275 from $250 and kept a ‘Positive’ rating. The firm said Nvidia’s GB300 rollout is expected to keep gaining momentum ahead of the launch of its Vera Rubin platform in the second half of the year. GB300, a fully liquid-cooled AI supercomputing platform, is expected to support strong financial results and improve guidance as production ramps up further, the brokerage added.

What Does Wall Street Expect From NVDA’s Q1 Earnings?

Nvidia is expected to post a Q1 revenue of $78.89 billion, according to Fiscal.ai data. This represents a smashing 80% year-over-year increase. The company has beaten Wall Street’s revenue forecast in each of its last 28 quarters. Meanwhile, analysts expect earnings at $1.77 per share, more than double the $0.81 per share a year earlier.

The tech giant has poured more than $40 billion into strategic investments this year, building exposure across multiple areas of the AI market. That includes a roughly $30 billion stake in OpenAI, along with smaller investments in companies such as IREN and Marvell Technology.

Huang’s China Snub Gets Retail Talking

Jensen Huang was notably absent from the group of business leaders invited to join President Donald Trump on his trip to China this week, according to a Bloomberg report. 

While executives like Tim Cook and Elon Musk were included, Huang was left out, potentially hurting Nvidia’s efforts to expand AI chip sales in China, a market the company sees as a $50 billion opportunity.

Retail sentiment on Stocktwits turned ‘bullish’ from ‘extremely bullish,’ amid ‘high’ message volumes.

Based on the news, one user expects volatility this week.

Another user said the “China headlines may look negative short term, but they also prove how essential NVIDIA-class AI compute still is globally.”

NVDA shares have gained around 15% so far this year.

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