When will Nvidia stock go up is the question most investors are working through right now, ahead of Nvidia’s fiscal Q1 2027 results due on May 20. NVDA has already climbed close to 30% since late March, moving from around $165 to roughly $215 at the time of writing. The Nvidia stock forecast for 2026 from Wall Street points considerably higher from here, with an average price target of $269.82 across 70 analyst ratings and a Stock Grader buy score of 78.11. Still, the Nvidia stock earnings history around these quarterly reports has a pattern that buyers should know about before deciding whether to get in now or wait.
Source: Barrons
NVDA Stock Buy Or Not and Forecast Ahead of May Earnings
Goldman Sachs Sees a Major Re-Rating Coming
Goldman Sachs analyst James Schneider reiterated a Buy rating and a $250 price target on Nvidia ahead of the May 20 Nvidia stock earnings call, noting that NVDA trades below its own historical valuation levels despite a very strong position in AI infrastructure. His 2026 and 2027 earnings estimates for Nvidia are also 14% and 34% above the broader Wall Street consensus.
Goldman Sachs analyst James Schneider stated:
“Nvidia stock could see a ‘major re-rating’ if hyperscalers like Amazon, Alphabet, and Microsoft continue generating stronger returns from their AI investments.”
The numbers Wall Street lines up for May 20 are already quite aggressive. Consensus sits at $78.62 billion in revenue, up 78% year over year, and earnings per share of $1.74, a 115% increase over the same quarter last year. Schneider expects a “beat-and-raise” quarter, and the Nvidia stock forecast for 2026 from Benzinga’s tracked analysts puts the average target at $274.91. Rosenblatt has a $325 target; Cantor Fitzgerald holds an Overweight call at $300.
What Jensen Huang Said About Demand
CEO Jensen Huang gave investors a very direct read on where the company sees demand going right now. At the GTC 2026 analyst Q&A in March, when will Nvidia stock go up got a supply-side answer from the top.
Jensen Huang, Founder and CEO of Nvidia, stated at GTC 2026:
“Right here where I stand, I see through 2027, at least $1 trillion” in purchase orders for Blackwell and Vera Rubin.
That figure doubles the $500 billion he cited at the same event a year earlier. And in Nvidia’s official Q4 FY2026 press release, Huang also described the broader opportunity this way:
“Computing demand is growing exponentially — the agentic AI inflection point has arrived. Grace Blackwell with NVLink is the king of inference today — delivering an order-of-magnitude lower cost per token — and Vera Rubin will extend that leadership even further. Enterprise adoption of agents is skyrocketing. Our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth.”
Source: Barrons
The Post-Earnings Pattern That Complicates Things
When will Nvidia stock go up after the report is a trickier question than the Nvidia stock forecast for 2026 suggests. Nvidia’s stock has dropped after seven of its last ten earnings releases, even though adjusted earnings beat the analyst consensus in all four quarters of the past year. In February, shares rose 4% in the week before the Q4 report and then fell more than 9% in the two days that followed. August and November 2025 played out the same way.
Analyst consensus across 70 ratings still rates the Nvidia stock earnings setup as a net positive over the longer term. The Stock Grader note says the company looks fundamentally sound, though shares are seen as fully valued at current levels. For anyone asking if NVDA stock is a buy or not right now, that distinction matters a lot depending on your time frame.
Also Read: When Will Nvidia Stock Hit $300? Blackwell Demand Fuels Rally
When will Nvidia stock go up past current levels in a sustained way likely requires the kind of guidance raise that the May 20 report can deliver. The $1 trillion demand pipeline Huang outlined at GTC 2026 gives the Nvidia stock price prediction a credible foundation out toward 2030, but the short-term reaction after earnings is where investors tend to get caught off guard. NVDA stock – should you buy or not before May 20 is a question that comes down to one thing: whether you are buying the company or trying to time the announcement.