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Jensen Huang, CEO of Nvidia. (Photo = Yonhap News) |
[Alpha Biz= Paul Lee] Goldman Sachs has raised its price target for Nvidia to $250, up from $240, following the chipmaker’s stronger-than-expected third-quarter results. The investment bank maintained its “Buy” rating, noting that the new target implies an upside potential of approximately 34% from Nvidia’s closing price on November 19.
Goldman Sachs highlighted that Nvidia delivered both earnings and guidance that exceeded Wall Street expectations. “The company continues to demonstrate sustained competitiveness in AI training,” the firm noted, adding that Nvidia’s valuation remains attractive given its long-term growth prospects. Goldman Sachs also said Nvidia’s 2025–2026 data center revenue could exceed the current consensus of $500 billion, helping calm concerns among investors.
Nvidia once again reported record-breaking quarterly results. For its fiscal third quarter (August–October), the company posted $57.01 billion in revenue, up 62% year-over-year, and surpassing the market consensus estimate of $54.92 billion compiled by LSEG.
Nvidia’s data center business generated $51.2 billion in revenue—its highest ever—marking a 66% increase from the previous year and accounting for nearly 90% of total revenue.
Its gaming segment recorded $4.3 billion, a 30% increase year-over-year, though down 1% from the previous quarter. Professional visualization revenue reached $760 million, while automotive and robotics posted $590 million.
Earnings per share came in at $1.30, also above the Street’s estimate of $1.25.
알파경제 Paul Lee 특파원(hoondork1977@alphabiz.co.kr)
