Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240 By Investing.com
Update: 2025-10-31
Description
Goldman Sachs predicts a bullish outlook for Nvidia, expecting the chipmaker to exceed earnings expectations and raise its outlook due to surging AI infrastructure demand and robust data center revenue. The investment firm has increased its price target to $240 per share and raised its revenue and adjusted earnings forecasts for the next few years, anticipating a 22-28% increase in earnings for 2027 and 2028. Investors are eagerly awaiting Nvidia's earnings report to see if the company can maintain its impressive growth as the AI wave intensifies.
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