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Goldman Sachs Raises Nvidia Price Target Ahead of Earnings

Goldman Sachs Raises Nvidia Price Target Ahead of Earnings

Author:

Global Cryptocurrency

Published:

2025-10-31 16:35:02

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BTCCSquare news:

Goldman Sachs has increased its price target for Nvidia (NVDA) to $240 from $210, maintaining a Buy rating ahead of what the firm anticipates will be a strong earnings report. Analyst James Schneider highlighted elevated investor expectations driven by recent AI infrastructure announcements, with focus likely on Nvidia's $500 billion processor and networking revenue outlook.

The bank revised its data center chip sales estimates upward by 13%, citing hyperscaler capital expenditure trends and management commentary. Nvidia continues to benefit from booming demand for AI-related hardware, though the high bar set by market expectations leaves little room for disappointment.

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