Nvidia lifts price target

Nvidia is set to report Q2 FY26 results on August 27 with a bullish stance from a top analyst who raised the price target.

Nvidia lifts price target to 215 ahead of Q2 earnings

Nvidia is scheduled to release its Q2 FY26 results on August 27. Wall Street is looking for about 1.00 dollars per share on roughly 45.7 billion dollars in revenue. Ahead of the report, KeyBanc analyst John Vinh reiterates a Buy rating and raises the price target to 215 dollars from 190, citing strong July results and ongoing demand for AI products, along with higher server rack shipments thanks to improved manufacturing yields.

Vinh notes growth in Nvidia s Blackwell GPU family, with B200 supply up about 40 percent in the quarter and a further 20 percent expected in the third quarter. The company has begun rolling out Blackwell Ultra, which could account for about half of Blackwell shipments by October. Server rack yields have improved, now near 85 percent, supporting a higher full year rack shipment forecast of 30,000 from 25,000. On the top line, Vinh has raised Q2 revenue to 47.1 billion dollars, while he trims the third quarter forecast to 50.4 billion dollars from 53.5 billion dollars to exclude revenue from China as export licenses are still pending and a possible 15 percent tax on AI exports plus Beijing pressure for domestic chips could dampen results. He adds that including China revenue could lift guidance by two to three billion dollars.

The analysis shows Nvidia remains a bellwether for AI driven demand, with supply chain progress and new GPU lines supporting upside. Yet the outlook carries cross border risk. Export license delays and potential China policy changes could shape quarterly results more than the stock price suggests today. Investors should watch how much the company writes off for China versus the strength coming from data center accelerate growth and new hardware cycles. The key tension is clear: strong fundamentals exist, but policy and regulatory moves could rewrite the near term picture.

Highlights

The next earnings print will test how much policy risk Nvidia can weigh against its hardware and AI software momentum.