NVIDIA Corporation (NASDAQ:NVDA) is one of the best stocks to invest in for long-term growth. On August 21, Wedbush maintained its Outperform rating on NVIDIA Corporation (NASDAQ:NVDA), while increasing the price target from $175 to $210, ahead of the Q2 earnings report. The new target implies an 18% upside from the current price of $177.99.
Wedbush cited “ubiquitously positive” hyperscale spending results during Q2 and “robust” demand for Nvidia, with supply falling short of demand. Wedbush analyst Dan Ives expects results to highlight overwhelming demand and noted that “demand-to-supply ratio is 10:1 for Nvidia’s golden chips”, and believes that the semiconductor giant will continue to be the central player in the AI revolution.
NVIDIA’s GB300 Blackwell Ultra AI servers, the company’s next-gen, high-performance AI supercomputing platforms, are set to be shipped in small quantities from as early as next month.
Ahead of its Q2 fiscal year 2026 earnings report (quarter ending July 2025), analysts anticipate Nvidia to report revenue of $46.03 billion, which would be a 53.2% year-over-year increase. However, the company has had a solid history of beating analyst estimates.
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