What Analysts Think of Nvidia Stock Ahead of Earnings

Nvidia (NVDA) is set to report fourth-quarter results after the market closes Wednesday, with analysts widely bullish on the AI chipmaker’s stock.

All but one of the 18 analysts covering the stock tracked by Visible Alpha have issued “buy” or equivalent ratings, with one analyst giving the stock a “hold” rating. Their consensus price target of about $175 would imply roughly 26% upside from Friday’s intraday price.

Wedbush and Oppenheimer analysts, who reiterated $175 price targets Thursday, suggested booming demand for the company’s advanced chips as Big Tech firms ramp up spending on AI infrastructure could lead to another strong quarter.

Nvidia is projected to post record quarterly revenue of $38.32 billion, up 73% year-over-year, according to estimates compiled by Visible Alpha. Net income is expected to climb to $21.08 billion, from $12.84 billion a year earlier.

UBS analysts, who maintained a $185 price target, noted “investor expectations having crept up a bit recently,” and added supply chain improvements could mean higher sales of Nvidia’s Blackwell line. UBS nearly doubled its estimate for Blackwell’s contribution to fourth-quarter revenue to $9 billion, up from $5 billion previously.

Oppenheimer also indicated the rapid rise of Chinese AI startup DeepSeek could ultimately prove “positive” for the chipmaker, as competition pushes Nvidia’s American clients to step up their efforts in the AI race instead of pulling back.

Despite a DeepSeek-driven dip last month amid concerns about Big Tech’s AI spending, shares of Nvidia have gained about three-quarters of their value over the past 12 months, at $139.11 in intraday trading Friday.