Analysts raise their Nvidia stock price targets

Core Viewpoint - Nvidia is demonstrating strong financial performance, with a market cap of $4.27 trillion and trading near its yearly high, leading to positive market expectations ahead of its earnings report on August 27 [1] Group 1: Analyst Ratings and Price Targets - UBS raised its price target for Nvidia from $175 to $205 while maintaining a "Buy" rating [1] - Evercore ISI increased its price target from $190 to $214, reiterating an "Outperform" rating [2] - The average price target for Nvidia over the next 12 months is $197.89, based on 39 ratings, with the majority being "Buy" [4] Group 2: Financial Projections - UBS anticipates Nvidia will report $46 billion in second-quarter revenue, exceeding consensus by approximately $1 billion [3] - Evercore ISI projects Nvidia's earnings per share (EPS) to grow by 48% in 2025 and 39% in 2026, indicating a PEG ratio below parity [3] Group 3: Market Sentiment and Demand - Recent adjustments in price targets by UBS and Evercore are part of a broader trend of bullish revisions, with Oppenheimer reaffirming its "Outperform" rating [6] - HSBC and KeyBanc have also raised their targets to $200 and $215, respectively, reflecting strong demand for artificial intelligence (AI) [6]