Goldman Sachs: Expects NVIDIA to rise by 11%, raises target price
Goldman Sachs expects NVIDIA (NASDAQ: NVDA) stock price to rise by 11%, raising the target price from $135 to $150. Analysts had in-depth discussions with NVIDIA's senior management, enhancing confidence in NVIDIA's capabilities in handling complex reasoning workloads. Goldman Sachs also raised revenue and non-GAAP earnings estimates for NVIDIA for the 2026/27 fiscal year by 7% and 8% respectively. The buy rating on NVIDIA is maintained
Investing.com - Goldman Sachs released a research report on Friday (11th), raising NVIDIA's (NASDAQ: NVDA) target price from $135 per share to $150 per share, indicating a potential upside of 11% for the stock.
NVIDIA valuation data, source: InvestingPro. Learn more about InvestingPro.
Prior to the target price increase, Goldman Sachs analysts had in-depth discussions with NVIDIA's senior management, including CEO Jensen Huang, CFO, and Investor Relations representatives. Through this meeting, Goldman Sachs analysts gained more confidence in NVIDIA's competitive position in complex reasoning workload processing.
Goldman Sachs emphasized that through the discussions, they gained a deeper understanding of NVIDIA's competitive advantages, especially the potential driving force of increasing complexity in reasoning workload for future computing needs.
NVIDIA's strengths stem from its large user base, innovative capabilities at the chip and data center levels, and increasingly rich software products such as NVIDIA Parabricks (genomic analysis) and NVIDIA AI Aerial (software-defined and cloud-native 5G networks) tailored for specific fields.
Furthermore, Goldman Sachs also raised its revenue and non-GAAP earnings per share (EPS) estimates for NVIDIA's fiscal year 2026/27 by 7% and 8% respectively. This adjustment takes into account increased cloud capital expenditures, strong growth in AI server orders, and positive changes in the outlook for TSMC's CoWoS business.
Goldman Sachs analysts noted that their updated non-GAAP EPS for fiscal year 2026 is $4.63, 14% higher than market consensus expectations.
Goldman Sachs also maintains its buy rating on NVIDIA and its conviction list status.
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