Nvidia Soars Ahead: Analysts Raise Price Target Amid AI Boom

On August 20, 2025, investment firm TD Cowen announced that it has raised its price target for Nvidia (NASDAQ: NVDA) to $235 ahead of the chipmaker's second-quarter fiscal 2026 results. Analyst Joshua Buchalter maintained a "Buy" rating on Nvidia, stating that the company represents the clearest way for investors to access the growing artificial intelligence (AI) market.

Buchalter cited Nvidia's strong fundamentals and the continued surge in AI demand as the key factors behind the price target increase. He expects a smooth transition from the Blackwell to the Blackwell Ultra architecture, which should support ongoing growth across data-center and high-performance computing workloads.

While some uncertainty lingers around Nvidia's H20 chips and China export limits, the analyst remains bullish on the company's prospects. Buchalter compared Nvidia's valuation to that of its peers, such as Broadcom (NASDAQ: AVGO), Marvell (NASDAQ: MRVL), and Credo Technology, and noted that Nvidia trades at a lower price-to-earnings (P/E) ratio compared to Broadcom, which factors into his relative preference.

Nvidia is set to report its Q2 2026 results on August 27, 2025, with the Street expecting adjusted earnings per share (EPS) of around $1.00 and revenue near $45.8 billion. Investors will closely watch the company's guidance and data-center trends as it navigates the evolving AI landscape.