NVDA
The bull case keeps getting louder
Nvidia did what Nvidia tends to do: post monster numbers, then leave Wall Street scrambling to update the spreadsheet. After second-quarter results topped estimates, analysts piled in with higher price targets and a lot of “this thing is still cheap” energy.
The real fireworks: FY2028
The headline that got everyone leaning forward wasn’t just the beat — it was management’s early FY2028 guidance. Wedbush’s Matt Bryson said Nvidia gave investors a full year of visibility and called out revenue growth of about 70%, with supply still acting like the bottleneck. Translation: demand is so strong the company can’t even sell as much as buyers want.
A few key takeaways from the analyst chatter:
- Wedbush lifted its target to $345 and kept an Outperform rating.
- Rosenblatt hiked its target to $390 and stuck with Buy.
- KeyBanc, DA Davidson, and Benchmark all stayed bullish, with price targets ranging from $300 to $335.
- Several analysts said the margin dip looks tied to memory costs, not a collapse in demand.
Why investors care
This is the kind of setup Wall Street loves: stronger-than-expected revenue visibility, AI demand still running hot, and analysts arguing that even after the stock’s big move, the valuation still looks “conservative.” That’s the nice way of saying: the bar keeps moving, and Nvidia keeps clearing it.
Big picture: when a company can put out guidance for a year that’s still months away and still make analysts sound surprised, the AI trade is clearly not done throwing punches.