Nvidia(US:NVDA) Hua Er Jie Jian Wen·2025-08-28 10:54Core Viewpoint - Despite Nvidia's earnings guidance not meeting investor expectations, Wall Street analysts remain optimistic and have raised the company's target price, focusing on its long-term prospects, particularly the production increase of Blackwell AI chips and strong order demand [1][3]. Group 1: Target Price Adjustments - At least 10 institutions raised their 12-month target price for Nvidia after the earnings report, with an average increase of 3% to $202.60, indicating a potential upside of about 12% from the closing price on Wednesday [3]. - JPMorgan analyst Harlan Sur significantly raised the target price by 26% to $215, emphasizing the importance of increased production capacity for Blackwell AI chips, stating that Nvidia's forward orders continue to exceed supply capabilities [3]. - Truist Securities analyst William Stein raised the target price by 9% to $228, acknowledging that sales performance and guidance were slightly below buyer expectations but focusing on the management's resilient long-term outlook [3]. Group 2: Short-Term Guidance Concerns - Nvidia's revenue forecast of $54 billion for the third quarter aligns with Wall Street's average expectations but falls short of some analysts' optimistic predictions exceeding $60 billion, which has somewhat affected investor sentiment [4]. - Morgan Stanley analyst Joseph Moore noted that while expectations entering the earnings season were high, "the most important metrics have been validated," raising his target price from $206 to $210 [4]. - Since the release of the first-quarter results in May, Nvidia's stock price has increased by approximately 35%, with a market capitalization growth of over $1 trillion [4]. Group 3: Market Uncertainties - The outlook for the Chinese market remains a significant uncertainty for Nvidia, with Morgan Stanley's Moore indicating that the management appears cautious about resolving related issues [5].