Goldman Sachs Boosts Nvidia Price Target to $300, Sees Strong Growth Prospects

Goldman Sachs has raised its price target for Nvidia to $300 from $285 while maintaining a Neutral rating on the shares. The stock currently trades at $209.66, which InvestingPro data suggests is undervalued based on comprehensive Fair Value analysis.

Analyst James Schneider said that the firm expects the stock to hold its gains following a strong quarter with calendar year 2027 guidance that was well ahead of the Street.

The company's medium-term gross margin guidance of 72% to 73% for calendar year 2027 is likely to address investor concerns on input costs and potentially serve as a clearing event for the stock.

Goldman Sachs sees a clearer path for the stock to outperform the market over the coming months driven by three key factors, including Nvidia's ability to deliver upside to its forecast from a higher revised base of 70% growth in calendar year 2027.