This article first appeared on GuruFocus.
Aug 20 - TD Cowen raised its price target on Nvidia (NASDAQ:NVDA) to $235 ahead of the chipmaker's second-quarter fiscal 2026 results, citing strong fundamentals and continued AI demand.
Analyst Joshua Buchalter kept a "Buy" rating and called Nvidia the clearest way for investors to access AI exposure, even as uncertainty lingers around H20 chips and China export limits.
Warning! GuruFocus has detected 5 Warning Signs with NVDA.
Buchalter expects a smooth transition from the Blackwell to the Blackwell Ultra architecture, which should support ongoing growth across data-center and high-performance computing workloads.
He compared Nvidia with peers such as Broadcom (NASDAQ:AVGO), Marvell (NASDAQ:MRVL) and Credo Technology and noted Nvidia trades at a lower P/E versus Broadcom, which factors into his relative preference. Buchalter excluded H20-related revenue from near-term estimates because its timing remains unclear, and he kept his October-quarter revenue projection at $55 billion.
Nvidia will report results after the market closes on Aug. 27, with the Street looking for adjusted EPS around $1.00 and revenue near $45.8 billion. Investors will watch guidance and data-center trends closely now.
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NVDA: Nvidia Gets Price Target Raised to $235 Ahead of Earnings
Published 2 months ago
Aug 20, 2025 at 12:18 PM
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