Analysts Raise Nvidia Price Targets Ahead of Q3 Earnings Amid AI Demand Surge
Nvidia's upcoming Q3 FY26 earnings report on November 19 has drawn heightened attention as Stifel and Exane BNP Paribas lifted price targets, signaling confidence in the AI chipmaker's growth trajectory. The stock now carries a $250 target from Stifel's Ruben Roy, who anticipates a modest beat on consensus estimates of $54.9 billion revenue and $1.25 EPS.
Data center AI backlog projections of $350 billion and 73.7% gross margins underscore Nvidia's pricing power in the GPU market. Blackwell chip adoption appears to be accelerating ahead of schedule, though valuation concerns linger across the AI sector.