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Despite all the bearish noise, Goldman Sachs isn\u2019t backing down on Nvidia (NVDA) stock yet.\u00a0<\/p>\n
After another stellar GTC showing, the bank reiterated its $250 price target and maintained a buy rating, underscoring confidence in the AI giant\u2019s tremendous upside from current levels.\u00a0\u00a0<\/p>\n
It\u2019s important to note that Goldman Sachs first raised its Nvidia price target to $250 back on Nov. 20, 2025. Since then, it has reiterated that target in multiple notes, including one following GTC.<\/p>\n
At the time of writing on March 21, 2026, Nvidia stock was last trading at $172.70, per Yahoo Finance.\u00a0<\/p>\n
That said, Goldman Sachs analysts feel that CEO Jensen Huang\u2019s keynote delivered exactly what the bulls needed to hear, in clearer demand visibility and a stronger case that AI spending isn\u2019t slowing down.<\/p>\n
Wedbush analyst Dan Ives, who recently praised the AI bellwether following its first day at GTC 2026, echoed that sentiment.<\/p>\n
Ives said the company is still “alone at the top of the AI mountain,” expanding its reach across everything from compute and networking to inference and robotics.<\/p>\n
Ives also highlighted Nvidia\u2019s massive lead over competitors in chips during a recent CNBC interview.<\/p>\n
With greater clarity expected around hyperscaler spending and powerful new models built on Blackwell, Goldman sees a far steadier pipeline of catalysts that will keep momentum firmly on Nvidia\u2019s side.<\/p>\n
Wall Street updates Nvidia price targets after GTC 2026Rosenblatt Securities: $325Bank of America: $300Bernstein: $300Morgan Stanley: $260Benchmark: $250UBS: $245
\nSources: Yahoo Finance, Investing.com
\nGoldman Sachs sees Nvidia\u2019s GTC takeaways reinforcing AI dominance<\/p>\n
Goldman Sachs analysts came away from Nvidia\u2019s high-profile GTC event with a view that did enough to support the stock\u2019s earlier gains while reinforcing its bullish long-term setup.<\/p>\n
A lot of that has to do with investors having more concrete visibility into where growth could come from next.<\/p>\n
More Nvidia:<\/p>\n
Nvidia stock gets major reality check on \u2018$100B\u2019 numberNvidia CEO delivers blunt 7-word rebuttal on software stocksBank of America resets Nvidia price target after earnings<\/p>\n
Naturally, a big part of that came from Nvidia\u2019s massive $1 trillion revenue disclosure in data center sales through 2027. That alone helps answer a major concern among AI investors, especially those who believe that AI-led infrastructure spending might crest this year.<\/p>\n
Another huge part of the conference was Nvidia\u2019s major push into Groq\u2019s LPX rack, a sign that the tech behemoth wants a much sizeable role in the next leg of AI demand.\u00a0<\/p>\n
Nvidia\u2019s GTC keynote draws investor attention as analysts digest implications for future AI demand trends.<\/p>\n
Morris/Bloomberg via Getty Images<\/p>\n
Goldman\u2019s Nvidia bull case by the numbers12-month price target: $250.00Nvidia stock price in the note: $183.22Implied upside: 36.4%Revenue forecast: $215.0 billion for 1\/26, $393.6 billion for 1\/27E, $521.5 billion for 1\/28E, and $634.8 billion for 1\/29EEPS forecast: 4.52 for 1\/26, 8.97 for 1\/27E, 12.29 for 1\/28E, and 15.41 for 1\/29EP\/E ratio: 35.0x for 1\/26, 20.4x for 1\/27E, 14.9x for 1\/28E, and 11.9x for 1\/29EFCF yield, a cash flow return metric: 2.5% for 1\/26, 4.1% for 1\/27E, 6.5% for 1\/28E, and 7.8% for 1\/29E<\/p>\n
Here are four of the biggest takeaways from Goldman\u2019s bullish note.<\/p>\n
The cleanest takeaway is that Nvidia has a lot more visibility into its data center business through 2027, projecting north of $1 trillion (a massive $500 billion jump from its previous outlook) in combined compute and networking revenue from its Blackwell and Rubin platforms.\u00a0Nvidia just revealed a new inference-focused system built with Groq that could handle real-world AI workloads a lot more efficiently. For perspective, it can deliver up to 35 times better performance per watt and unlock 10 times more sales potential for complex AI models.On networking, Nvidia said it was using both copper and optical rather than choosing between the two. So the new systems, like its Spectrum-X switches and Rubin-based racks, are tailor-made to scale massive AI clusters, with setups supporting up to 576 GPUs working together.Finally, Nvidia is pushing harder into \u201cagentic AI\u201d with tools such as NemoClaw, which enable businesses to run autonomous AI systems efficiently. The overall goal is to make AI agents more practical and enterprise-ready.<\/p>\n
Related: Bank of America reveals S&P 500 \u2018cheat sheet\u2019<\/p>\n
On top of that, the bank sees the setup supported by multiple future catalysts, including clearer hyperscaler capital spending plans and new large language models trained on Blackwell, which should strengthen Nvidia\u2019s tremendous performance edge.<\/p>\n
Nonetheless, Nvidia\u2019s bull case is far from bulletproof.\u00a0<\/p>\n
The firm flagged plenty of risks, including a marked slowdown in AI infrastructure spending, growing competitive pressures that could impact its market share, margin erosion as rivals get much more aggressive, and supply constraints limiting Nvidia\u2019s ability to meet demand.\u00a0<\/p>\n
Nvidia\u2019s recent earnings performance history<\/p>\n
Nvidia has delivered four consecutive quarterly EPS beats, while its top-line growth has stayed consistently above the 50% mark in each period.<\/p>\n
So despite its detractors, it\u2019s clear that at least from a fundamental standpoint, Nvidia\u2019s solidified its position as the market\u2019s most compelling AI growth story. It also underscores that demand for its AI chips and related infrastructure has been remarkably resilient.\u00a0<\/p>\n
FQ4 2026 (Jan 2026): EPS 1.62 (beat by 0.08), revenue 68.13B (beat by 1.90B), year-over-year growth 73.21%FQ3 2026 (Oct 2025): EPS 1.30 (beat by 0.04), revenue 57.01B (beat by 2.06B), YoY growth 62.49%FQ2 2026 (Jul 2025): EPS 1.05 (beat by 0.04), revenue 46.74B (beat by 687.48M), YoY growth 55.60%FQ1 2026 (Apr 2025): EPS 0.81 (beat by 0.06), revenue 44.06B (beat by 807.34M), YoY growth 69.18%
\nSource: Seeking Alpha
\nNvidia stock returns vs. Roundhill Magnificent 7 ETF1W: Nvidia stock -4.19% versus Roundhill Magnificent 7 ETF -2.62%1M: Nvidia stock -9.02% versus Roundhill Magnificent 7 ETF -6.76%6M: Nvidia stock -2.25% versus Roundhill Magnificent 7 ETF -10.35%YTD: Nvidia stock -7.40% versus Roundhill Magnificent 7 ETF -11.51%1Y: Nvidia stock 45.70% versus Roundhill Magnificent 7 ETF 25.04%
\nSource: Seeking Alpha<\/p>\n
Related: Bank of America revamps Micron stock price target post earnings<\/p>\n
#Goldman #Sachs #sends #blunt #message #Nvidia #stock #GTC<\/p>\n","protected":false},"excerpt":{"rendered":"
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