Deutsche Bank Reiterates Hold on NVIDIA With $155 Price Target

NVIDIA Corporation (NASDAQ:NVDA) is one of the Trending AI Stocks on Wall Street. On August 20, Deutsche Bank analyst Ross Seymore reiterated a Hold rating on the stock with a $155.00 price target. The hold rating comes ahead of Nvidia’s quarterly results which it will report after market close on Wednesday, August 27.

The firm expects the chipmaker to beat its revenue guidance by an estimated $2 billion, with revenue expected to reach around $46 billion. The outperformance will likely be attributed to the continued ramp of Blackwell chips, offsetting concerns related to China business restrictions.

“NVIDIA will report F2Q26 results after the market close on Wednesday, August 27th. A conference call to discuss results is scheduled at 5:00pm ET. Heading into the F2Q26 report we expect a typical ~$2b beat vs. the midpoint of guidance ($45b), likely slightly ahead of DBe/Street at ~$46b (+4% q/q, +53% y/y), as the continued ramp of Blackwell (~$24b in F1Q revenues vs. ~$11b in F4Q revenues) offsets any China related concerns (~$8b in foregone revs in F2Q guide).”

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The firm also believes that Nvidia’s license receipt to resume China shipments will lead to an upside to its fiscal third-quarter revenue estimate of $50 billion. However, it is unclear what the timing of the shipment ramp will be and whether Nvidia will be able to recapture the entirety of the approximately $18 billion in lost annual revenue.

“Looking forward, NVDA receiving a license to resume shipments to China should create upside to DBe of $50b revenue in F3Q (likely more included in Street’s ~ $53b), albeit with the timing of the shipment ramp and the ability to recapture the entirety of the ~$18b in “lost” annual revenue unclear. In general, the inclusion of China AI GPU shipments into CY26 ests appears likely to yield a ~+10% increase to the current ~$6 range for DBe/Street, even including the 15% “license fee” the company is being required to pay to the US Government.”

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

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