Piper Sandler Raises Nvidia Price Target Amid Strong Demand Outlook
Piper Sandler lifted Nvidia's price target to $225, forecasting a 23% upside ahead of its Q2 earnings report. Analyst Harsh Kumar maintained an overweight rating, citing robust demand from U.S. hyperscalers and a resurgence in Chinese sales. Despite supply constraints, Nvidia's chips are being snapped up faster than they can be shipped, with delays in GB200 systems exacerbating the gap.
Wall Street remains bullish, with 58 of 65 analysts tracked by LSEG recommending a buy or strong buy. Nvidia is projected to report $1 in non-GAAP EPS and $45.76 billion in revenue—a significant leap from $0.68 EPS and $30.04 billion a year prior. The company's own Q2 guidance of approximately $45 billion accounts for previously frozen GPU sales in China, now back in play.
