Goldman Sachs, in its research report, anticipated that NVIDIA (NVDA.US) will top expectations in its quarterly results and will raise its guidance due to positive industry supply-demand data, but the broker believed the bar for outperformance is high heading into the quarter.

The broker believed that the short-term stock performance will hinge on the visibility of the company's 2027 revenue, as the upside for 2026 is largely priced in the stock. However, considering the catalysts in 1H26, the broker believed the stock still has the opportunity to outperform.

Firstly, the market continues to raise capex expectations for hyperscale data center operators; secondly, there is heightened confidence in demand from non-traditional customers such as OpenAI and Anthropic. Thirdly, NVIDIA's Blackwell platform, which trains new LLMs, demonstrates strong performance that could further fortify the company's performance leadership.

The broker reiterated its Buy rating on NVIDIA, with a target price of USD250.
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AASTOCKS Financial News
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