Morgan Stanley Raises Nvidia Price Target Ahead of Q3 Earnings
Nvidia (NVDA) shares draw heightened attention as Wall Street analysts reinforce bullish sentiment prior to the chipmaker's Q3 earnings release on November 19. Morgan Stanley's top-rated analyst Joseph Moore increased his price target to $220 from $210, maintaining an Overweight rating. Industry checks suggest accelerating demand, particularly for Nvidia's Blackwell AI platform now entering full production.
Consensus estimates project $1.25 EPS (+54% YoY) on $54.79 billion revenue (+56% YoY), with Blackwell chips maintaining dominance in AI infrastructure. Early indicators show robust demand for the forthcoming Vera Rubin architecture, potentially reversing Nvidia's recent underperformance against AI sector peers.