TLDR
Nvidia reports Q2 fiscal 2027 earnings on August 26, with Wall Street expecting revenue of $92.04 billion, up 95% year over year
Analysts at Stifel, Oppenheimer, and RBC Capital all reiterated Buy ratings ahead of earnings
Oppenheimer’s Rick Schafer kept his $265 price target, noting NVDA trades at just 16x his 2027 EPS forecast
Stifel’s Ruben Roy holds a $282 price target; RBC Capital’s Srini Pajjuri sits at $300
Wall Street’s average price target of $305.86 implies roughly 41% upside from current levels
Nvidia was trading up 0.1% at $217.74 in early trading Wednesday. The stock is up 17% in 2026 so far, though it still trails the PHLX Semiconductor Index, which has gained 66% over the same period.
Earnings next Wednesday could help close that gap.
Wall Street is expecting Nvidia to post adjusted EPS of $2.09 for the April-July quarter, nearly double the $1.05 reported a year ago. Revenue consensus sits at $92.04 billion, up 95% year over year.
Stifel analyst Ruben Roy reiterated his $282 price target this week. His target is based on 22 times his fiscal 2028 earnings forecast for the company.
Roy pointed to cloud service provider capital spending as a key driver. “Earnings season has consistently reinforced the demand case as CSP capex was raised meaningfully,” he wrote.
He added that concerns around memory costs and inference competition are likely to show up in gross margins rather than demand, and are already partly priced in.
Oppenheimer’s Rick Schafer, ranked 22nd out of more than 12,000 analysts tracked by TipRanks, kept his Buy rating and $265 price target. He flagged strong demand for Nvidia’s Blackwell Ultra AI systems as a near-term catalyst.
Schafer also highlighted that Nvidia’s next-generation Vera Rubin AI computing system (VR200) is already in large-scale production and shipping. He expects this to give the company momentum in the back half of the year.
He projects Nvidia will generate more than $1 trillion in combined revenue from its Grace Blackwell, Grace Blackwell Ultra, and VR200 product lines. He called Nvidia “AI’s castle on the hill,” citing its lead in performance per watt.
Valuation Still Looks Attractive to Analysts
Schafer noted that Nvidia currently trades at just 16 times his 2027 EPS estimate. That compares to an average of more than 30 times for AI chip peers, which he sees as a compelling entry point.
RBC Capital analyst Srini Pajjuri, ranked 111th on TipRanks, also kept his Buy rating with a $300 price target. He expects another strong quarter driven by generative AI demand.
Pajjuri highlighted that Nvidia holds the best access to chip manufacturing capacity among its peers. He also sees roughly $10 billion in additional revenue coming from Nvidia’s CPU business in the second half of the year.
Broad Wall Street Consensus
Across Wall Street, NVDA carries a Strong Buy consensus based on 32 Buy ratings and one Hold issued over the past three months.
The average price target of $305.86 implies around 41% upside from current trading levels.
Nvidia is set to report earnings on August 26.
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