NVIDIA (NVDA) Stock Target Raised as Earnings Loom

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Hit with New Analyst Ratings. One of the biggest analyst calls on Tuesday, August 26, was for Nvidia.

CFRA reiterated the stock as “Buy” and raised its price target on the stock. The firm is bullish on Nvidia heading into earnings on Wednesday after the bell.

“We lift our target price to $206 from $196, on P/E of 29x our CY [calendar year] 27 EPS view.”

Analyst Angelo Zino spoke in an interview with AInvest’s Adam Shapiro, stating how he is anticipating another strong set of numbers for the AI chipmaker.

“Yeah, I mean, we’re expecting another set of good results here, Adam, as far as Nvidia on the top line. We’re looking at north of 50% growth, both here for the July quarter as well as for the October quarter.”

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

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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