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Nvidia Shares Dip Despite Bullish Analyst Upgrades Ahead of Earnings
20 Aug
Summary
- Nvidia shares fell 2.5% despite price target increases from analysts
- Analysts expect strong Q2 results but cautious Q4 guidance due to China
- Nvidia's data center business continues to show momentum
On August 20, 2025, Nvidia Corporation's (NASDAQ:NVDA) shares fell approximately 2.5% in the morning, even as two Wall Street firms raised their price targets for the chipmaker ahead of the company's quarterly earnings report next week.
KeyBanc Capital Markets lifted its target on Nvidia to $215 from $190, while maintaining an Overweight rating. Analyst John Vinh stated that he expects Nvidia to post strong fiscal second-quarter results for July, but guide slightly below consensus for the October quarter. Vinh noted that Nvidia's outlook likely excludes revenue from China due to pending license approvals and uncertain timing.
Susquehanna also raised its price target on Nvidia, moving it to $210 from $180, and kept a Positive rating. Analyst Christopher Rolland sees continued momentum across Nvidia's data center business.
Consensus estimates call for Nvidia to earn $1.01 per share on revenue of $45.92 billion in the coming quarter. The company is scheduled to release its results on August 27, 2025.
