What Wall Street Analysts Think of Nvidia's Stock Ahead of Earnings Wednesday

Nvidia (NVDA) is set to release its latest quarterly results after the market closes Wednesday, with analysts expecting the most valuable company in the world’s sales could reach another record high, despite an anticipated hit from export curbs.

The AI chipmaker is projected to report adjusted earnings per share of $1.02 for the second quarter on an over 50% year-over-year jump in revenue to $46.45 billion, according to consensus estimates compiled by Visible Alpha. CEO Jensen Huang could also provide more details during the company’s earnings call about the timing of new products, including Nvidia’s next-generation Rubin lineup and a more powerful AI chip tailored for China’s market.

In May, Nvidia warned it could face an $8 billion hit from China export restrictions, and although the company recently struck a 15% revenue-sharing agreement with the Trump administration to resume sales of its H20 chip in China, Wednesday’s report will still reflect the full impact of the restrictions. 

Despite near-term trade policy headwinds, Wall Street analysts are overwhelmingly bullish on the chipmaker’s prospects. Of the 13 analysts with current ratings surveyed by Visible Alpha, 12 call the stock a “buy,” compared to one “hold” rating. Their targets range from $155 to $225, with the majority above $200, suggesting significant upside from Friday’s close around $178.

“Expectations have risen ahead of Nvidia’s earnings, and we think rightfully so,” Morgan Stanley analysts said earlier this week, as they raised their target to $206 from $200, citing strong AI demand signals. UBS also raised its target, to $205 from $175, while Wedbush boosted its to $210 from $175.

Shares of Nvidia climbed close to 2% Friday afternoon amid a broader market rally and have added roughly a third of their value in 2025 so far.