Nvidia just posted its fiscal Q1 2027 earnings after the close on May 20, and Wall Street had already moved. Several firms raised their NVDA stock price target, with the Nvidia stock price target range now sitting between $270 and $325. The NVDA earnings call kicks off at 5:00 p.m. ET, where guidance and margins will be the focus. The average Nvidia stock price target stood at $275.83 going into today, per S&P Global Market Intelligence, though a handful of the freshest calls are well above that. The Nvidia price target for 2026 has been revised higher across the board, and analysts are watching what comes next.
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Wall Street Reacts to Nvidia Earnings Report Today And NVDA Price Targets
NVDA Earnings Report: Several Firms Moved the NVDA Stock Price Target
HSBC set the highest bar on the Street, raising its Nvidia stock price target to $325 from $295, Buy. GF Securities also moved, lifting to $308 from $292. Analyst Jeff Pu pointed to stronger AI chip shipments and a growing data-center opportunity, and also noted that Nvidia’s cash position and free cash flow could support a new buyback program. He said the Rubin platform timeline may shift by about a month, though the 2300W spec stays unchanged.
DA Davidson raised to $300 from $250, Buy, and KeyBanc went to $300 from $275, Overweight. Morgan Stanley moved to $285 from $260, Overweight. TD Cowen adjusted to $275 from $235 on May 15, Buy, and Aletheia lifted to $270. The full picture on the Nvidia price target for 2026, at the time of writing:
| Firm | New target | Prior target | Rating |
|---|---|---|---|
| HSBC | $325 | $295 | Buy |
| GF Securities | $308 | $292 | Buy |
| DA Davidson | $300 | $250 | Buy |
| KeyBanc | $300 | $275 | Overweight |
| Morgan Stanley | $285 | $260 | Overweight |
| TD Cowen | $275 | $235 | Buy |
| Aletheia | $270 | $250 | Buy |
Morgan Stanley Built the Case Around $1 Trillion in Revenue
Morgan Stanley analyst Joseph Moore published his note, lifting the NVDA stock price target to $285 from $260 with an Overweight rating. His valuation framework centers on a $1 trillion long-run revenue scenario for Nvidia, a figure Jensen Huang also cited at Nvidia GTC 2026. Moore’s model puts revenue and EPS forecasts roughly $3 billion above Street consensus, with about $4 billion of higher guidance built in. He also flagged gross-margin pressure from the Blackwell and Rubin architecture ramps, where input costs and qualification expenses tend to compress margins during rollout. The note puts the NVDA stock price target revision in the context of a much bigger, longer-term bet on AI infrastructure demand.
Morgan Stanley’s Joseph Moore stated:
“Visibility into the supply chain has improved materially.”
Source: Market Screener
China Remains an Overhang on Any Nvidia Stock Price Target
None of the NVDA stock price target revisions this week appear to factor in a China resolution. Nvidia lost access to the H20 market in April 2025, cutting off a segment that generated $17.1 billion in sales as recently as 2024. The Commerce Department approved H200 chip sales to 10 Chinese firms, but local regulators are holding those up and pushing companies toward domestic alternatives instead.
Any update on China from tonight’s NVDA earnings call would be a meaningful addition on top of an already strong Nvidia stock price target setup. The Nvidia price target for 2026, ranging from $270 to $325, reflects what analysts think is achievable on AI infrastructure spending alone, and there is room for that range to move further if the China situation starts to clear.
