Despite some setbacks throughout the year so far, all eyes are on one of the biggest stocks on the planet with a critical report on the horizon. Indeed, as investors await the update of Nvidia (NVDA), there are some Wall Street analysts who say the stock looks “spectacular” as its earnings approach.
There was no shortage of concern hitting investors in early 2025 with the arrival of DeepSeek AI. Indeed, the arrival of the Chinese startup saw $600 billion leave Nvidia’s market cap amid a panic sell-off with investors bringing up concerns regarding spending. However, bulls have remained adamant about the stock’s standing and potential. Now, its upcoming earnings call could give a lot of information showing where the stock stands.
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Nvidia Earnings Approaches: Why Wall Street Is Increasingly Optimistic
Over the last two years, the AI sector has seen demand surge on Wall Street. The growing belief in its importance has been the key drive of its success, with investors betting on the technologies’ continued integration. That saw Nvidia jump 170% in 2024, as many expected similar to take place this year.
After some small setbacks arose earlier in the year, Nvidia has nearly evaporated all of its losses. Moreover, Nvidia’s (NVDA) stock has been called “spectacular,” as its earnings call is set to arrive in just seven days. Now, the question is, what will it mean to the stock’s potential to continue getting back on track?
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“Near-term dynamics are fluid (January quarter to July quarter). While long-term (October quarter and onward), our work suggests it looks frankly spectacular,” Loop Capital analyst Ananda Baruah wrote on Wednesday, according to a Yahoo report. Additionally, Baruah reaffirmed a $175 price target on the stock, showcasing 25% upside.
Additionally, the analysts projected “Nvidia GPUs reaching 10 million to 12 million as hyperscalers look to increase their percentage on non-CPU computes to 50% plus in coming years.”
The stock fell below $140 Tuesday, although it hasn’t impacted overall long-term projections. Accordingly, 91% of the 68 surveyed analysts have a buy projection on the stock, according to CNN. Moreover, it boasts a median price projection of $175, with a high-end target of $220. The latter would see this tock surge 58% above its current position.