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NVDA stock is gaining momentum as Morgan Stanley maintains its bullish $260 price target. The AI chip leader faces a crucial test on May 20 when earnings could reshape investor sentiment for the rest of 2026.
🔥 Quick Facts
- Earnings Date: May 20, 2026 after market close with Q1 FY2027 results
- Morgan Stanley Target: $260 per share from analyst Joseph Moore
- Current Expectations: $78.8B revenue and $1.77 earnings per share
- Average Wall Street Target: $276.88 across 54 analysts
Morgan Stanley’s Bullish Stance Ahead of Critical Earnings
Morgan Stanley analyst Joseph Moore raised Nvidia’s price target to $260 in February 2026. The Overweight rating reflects confidence in Nvidia’s data center dominance. Moore believes the stock can rally significantly from current levels once earnings concerns fade.
The analyst shifted Nvidia back to Morgan Stanley’s top semiconductor pick. This move signals renewed optimism about NVDA’s long-term trajectory after months of sideways trading in early 2026.
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Wall Street’s Optimistic Consensus on Revenue Surprise
Goldman Sachs expects Nvidia to deliver an impressive $2 billion revenue beat. The firm forecasts $80 billion for Q1, surpassing the $78.8 billion consensus estimate. Citi also tips a potential $1.4 billion beat driven by continued data center strength.
These bullish outlooks rest on Nvidia’s dominant position in AI infrastructure. Cloud providers are ramping spending on GPU chips to power generative AI applications worldwide.
Stock Performance and Price Targets Before May 20
| Metric | Value |
| Current Price Range | $215-$220 per share |
| Average Analyst Target | $276.88 |
| Highest Target | $400.00 |
| Lowest Target | $140.00 |
| 52-Week High | $223.75 |
Wells Fargo became the latest firm to show confidence, raising its price target on May 12. The $315 target from the top-rated analyst implies 46% upside from current trading levels.
“The shares have been unable to generate any momentum in recent months. For the mid-term, we think optionality around AI infrastructure upgrades provides a positive risk-reward for investors.”
— Joseph Moore, Morgan Stanley Analyst
What to Watch When NVDA Reports Q1 Earnings
Nvidia’s May 20 earnings call will focus on data center revenue trends and customer demand visibility. Investors want clarity on AI chip demand for the rest of calendar 2026. The company already guided to over $300 billion in expected revenue for full year 2026.
Management commentary on supply chain strength and competitive pressures will be critical. Any beat here could validate Morgan Stanley’s $260 outlook and push NVDA higher before earnings surprise.
Will Analyst Price Targets Like Morgan’s $260 Become Reality by Year-End?
Fifty-four Wall Street analysts see Nvidia trading at $276.88 by May 2027. This implies approximately 24% to 28% upside from current valuations over the next twelve months.
Morgan Stanley’s $260 target appears conservative versus the street average. Success on May 20 could trigger analyst upgrades and potentially unlock the higher targets in the $300 to $315 range that firms like Wells Fargo have already staked out.
Sources
- TipRanks – Morgan Stanley and Wells Fargo analyst ratings and price target updates
- MarketBeat – Consensus analyst targets and earnings expectations for NVDA stock
- Seeking Alpha – Citi revenue forecast and institutional earnings analysis
