Morgan Stanley Upgrades PT on NVIDIA from $170 to $200, Keeps Overweight Rating

NVIDIA Corporation (NASDAQ:NVDA) is one of the top stocks that Grok recommended. On July 30, Morgan Stanley upgraded the price target on NVIDIA Corporation (NASDAQ:NVDA) from $170 to $200, keeping its Overweight rating on the stock.

Joseph Moore from Morgan Stanley reiterated his rating on NVDA with a price increase as the analyst sees further gains in the coming months, driven by the AI strength, as the supply and demand continue to soar. Moore mentioned that the planned Blackwell ramp for both processors and connectivity in the second half of 2025 will fuel the next phase of growth for Nvidia.

Moore’s bullish call arrives ahead of Nvidia’s earnings release scheduled on August 27. Wall Street expects NVDA to post earnings per share of $1 and quarterly revenue of around $45.68 billion. The analyst believes that the supply bottlenecks will continue to set the pace for growth and accelerate the momentum for earnings revisions.

NVIDIA Corporation (NASDAQ:NVDA) is a full-stack computing infrastructure company. The company is leading the AI revolution with accelerated computing to help solve the challenging computational problems.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.