Nvidia Stock Price Forecast as Goldman Sachs Boosts Target After Earnings

Key Insights

• Nvidia stock price rose and crossed the key resistance level.
• Goldman Sachs analysts boosted their target to $250.
• The company published strong financial results and forward guidance.

Nvidia stock price continued its recovery, reaching its highest level since November last year. It rose above a crucial resistance level as top analysts, including Goldman Sachs, boosted its NVDA stock target to $250, a move that would bring its market capitalization to over $6 trillion.

Goldman Sachs Boosts Nvidia Stock Target After Earnings

Nvidia stock price rose after analysts boosted their estimates after the company published strong financial results. In a note, analysts at Goldman Sachs boosted the target to 250, implying a 25% increase from the current level.

Other Wall Street analysts maintained a bullish outlook on the company, pointing to the ongoing artificial intelligence (AI) boom and to accelerating data center spending. For example, HSBC analysts placed a target of $310, while UBS placed a target of $400.

Analysts at KeyCorp set a target of $275, while DA Davidson set a target of $250. As a result, the average estimate among all analysts tracking the coming is $267, implying a 36% increase from the current level. There are no analysts who are bullish on the stock.

Nvidia Published Strong Financial Results

The bullish outlook for Nvidia’s stock price is driven by its recent financial results, which showed that its business continued to perform well.

The results showed that the company’s revenue and earnings were better than expected and its guidance.

Its numbers showed that revenue rose 73% year over year to over $68.1 billion. This revenue was up by 20% from the third quarter.

More data showed that its data center revenue to over $63 billion, up by 22% QoQ and by 75% from the same period in 2024.

In a statement, the management pointed to the ongoing data center demand when it upgraded it forward guidance. It now expects first-quarter revenue to be 78%, which is higher than analysts’ expectations.

The revenue growth was also accompanied by the profitability growth. Its net income jumped to over $42.9 billion from the $22 billion made in the fourth quarter of 2024. As a result, the annual revenue jumped to over $120 billion, making it one of the most profitable companies in the world.

The company is using its windfall to boost its innovation and return them to shareholders. It returned over $41 billion to shareholders in the form of dividends and share repurchases. It also has over $58 billion remaining under its share repurchases.

Nvidia is Highly Undervalued

The recent financial results mean that Nvidia is a highly undervalued company. For example, based on the latest results, the company has a rule-of-40 multiple of over 120%. Its revenue growth was 74%, and its net income margin was 54%. This means that the company is balancing between its growth and profits

At the same time, the company has a forward price-to-earnings (PE) ratio of 24, slightly higher than the S&P 500 average of 22. This is notable as the company has a much faster growth rate than the broader market.

NVDA Stock Price Forecast: Technical Analysis

The 12-hour chart shows that Nvidia’s stock price has rebounded after forming a double bottom at $170. It has now moved above the key resistance level at $194, a crucial barrier it failed to breach several times since November last year.

The stock has formed a small inverted head-and-shoulders pattern. Also, it has jumped above the 50-period moving average and the Supertrend indicator. Also, the Relative Strength Index (RSI) has continued rising.

Therefore, the most likely scenario is that the NVDA stock price continues to rise as bulls target the key resistance level at $211, its highest level last year. Such a move will be a 7% jump from the current level.

On the flip side, a drop below the 50-day moving average will invalidate the bullish outlook and point to more downside.

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