Major Banks Ratings | Goldman Sachs: NVIDIA's quarterly results expected to exceed expectations, "Buy" rating and $250 target price reaffirmed

Golden Ten Data, May 8th — Goldman Sachs released a research report stating that, based on positive industry supply and demand data, it expects Nvidia's quarterly results to beat expectations and has raised its guidance. However, prior to the earnings announcement, the threshold for the stock to further outperform the market is relatively high. Although Nvidia is currently lagging behind its peers, and its valuation is significantly discounted compared to historical levels, the company’s valuation could be reassessed if the profitability indicators of hyperscale data centers improve enough to support continued expenditure growth, agent-based AI expansion reflects broad enterprise adoption, and deployment transparency among non-traditional clients increases. The bank expects that positive earnings estimate revisions and a valuation re-rating will drive the stock to outperform the market over the next 12 months; it has raised its earnings forecast by an average of about 12% and reiterates its “Buy” rating and a target price of $250.