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Goldman Sachs is getting more bullish on Nvidia ahead of the company’s quarterly results. The firm increased its price target on Nvidia to $200 per share from $185 in a Thursday note and reiterated its buy rating. Goldman’s new forecast implies more than 11% upside from Wednesday’s $close. Analyst James Schneider said that even though investor expectations are high heading into fiscal second-quarter results at the end of August, the chipmaker should have no trouble rising to the occasion. NVDA YTD mountain Nvidia stock in 2025. “We expect Nvidia to deliver a clean beat-and-raise quarter, with the stock reaction likely hinging on the level of upside to guidance and impact from China (if any) – and we increase our estimates,” the analyst said. “We expect three focal points on the call: (1) the shape of the Blackwell ramp in 2H and timing of Rubin introduction in 2026; (2) the timing of China’s H20 ramp and go-forward contribution; (3) any gross margins benefits from previously reserved H20 inventory,” he added. Schneider said that any potential upside that could drive the stock could be a company update on revenue in China as well as its gross margin outlook. Shares have advanced nearly 34% in 2025. Nvidia will report results on Aug. 27 after the closing bell. Analysts polled by FactSet forecast earnings per share of $1 on revenue of $45.7 billion.
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