Nvidia: why wall street analysts are still bullish
New York, Monday, 9 June 2025.
Despite economic headwinds, analysts are confident in Nvidia’s growth. TipRanks data shows Nvidia as a top pick. JPMorgan analyst Harlan Sur, ranked among TipRanks’ top analysts, has a buy rating and a price target of $170. Sur’s recommendations have been profitable 66% of the time. He expects data center revenue to grow 16% next quarter, excluding some write-downs. Sur believes Nvidia’s new product launches will drive growth through 2026.
Analyst ratings and market performance
Nvidia’s first-quarter fiscal 2026 results beat market expectations [1]. Sur highlighted that Nvidia’s margins and earnings per share (EPS) were negatively impacted by a $4.5 billion write-down related to H20 inventory [1]. However, if H20 shipments are excluded, data center revenue for the July quarter is projected to grow by approximately 16% compared to the previous quarter [1]. Sur also expressed confidence in Nvidia’s management, noting their visibility for continued growth through calendar year 2026 [1]. This positive outlook reinforces the buy rating on Nvidia stock [1].
Competitive advantages and future growth
Sur emphasized Nvidia’s ability to maintain its industry lead through continuous innovation [1]. He noted the company’s aggressive cadence of new product launches and increasing product segmentation [1]. Demand for Nvidia’s Blackwell platform is exceptionally strong, with expectations of supply constraints for several quarters [3]. These factors contribute to analysts’ continued bullishness on Nvidia, even amidst macroeconomic uncertainties [1]. Nvidia’s stock is seen as a key sentiment driver for global AI and tech markets [5].
Broader market context and analyst perspectives
Overall, Wall Street analysts are recommending focusing on quality stocks that can provide long-term returns despite market volatility [3]. TD Cowen analyst Derrick Wood reiterated a buy rating on Salesforce stock, noting the company’s focus on sales capacity growth as a strong demand signal [1]. Wood also highlighted the increasing adoption of AI within Salesforce, with Data Cloud and AI annual recurring revenue (ARR) growing by over 120% year-over-year [1]. These endorsements reflect a broader confidence in technology companies with strong growth prospects [1][3].