Yahoo Finance·2026-03-22 19:13Core Viewpoint - Goldman Sachs maintains a bullish stance on Nvidia (NVDA) stock, reiterating a price target of $250 despite market skepticism, indicating confidence in the company's growth potential in the AI sector [1][5]. Group 1: Analyst Insights - Goldman Sachs analysts believe that CEO Jensen Huang's keynote at GTC 2026 provided clarity on demand visibility and reinforced the notion that AI spending is not slowing down [2]. - Wedbush analyst Dan Ives supports this view, stating that Nvidia remains "alone at the top of the AI mountain" and has a significant lead over competitors in chip technology [3]. - Analysts expect greater clarity around hyperscaler spending and new models built on Blackwell, which will contribute to a steady pipeline of catalysts for Nvidia [3]. Group 2: Financial Projections - Nvidia disclosed a projected $1 trillion in revenue from data center sales through 2027, addressing concerns about potential peaks in AI-led infrastructure spending [6]. - Goldman Sachs' financial forecasts for Nvidia include revenue estimates of $215 billion for fiscal year 2026, $393.6 billion for 2027, $521.5 billion for 2028, and $634.8 billion for 2029 [9]. - Earnings per share (EPS) forecasts are set at 4.52 for 2026, 8.97 for 2027, 12.29 for 2028, and 15.41 for 2029, with a projected P/E ratio of 35.0x for 2026, decreasing to 11.9x by 2029 [9]. Group 3: Market Reactions - Following the GTC event, various Wall Street firms updated their price targets for Nvidia, with estimates ranging from $245 to $325, reflecting a consensus on the company's strong market position [7].