Nvidia Stock Gains as Goldman Sachs Raises Price Target, Citing AI Dominance
Nvidia Corporation (NASDAQ: NVDA) is in the spotlight following an increased price target from Goldman Sachs, reflecting confidence in the company’s positioning within the booming artificial intelligence (AI) sector. The investment bank raised its price target to $240 from $210, maintaining a “Buy” rating on the shares.
Nvidia’s stock is currently trading at $206.49, up 1.82% from the previous close.
Goldman Sachs’ analysis specifically highlights several key factors driving the increased price target. Investor focus is expected to center on Nvidia’s ambitious $500 billion datacenter revenue forecast. The timing of OpenAI deployments and revenue projections for CY26 are also crucial considerations, along with the ramp-up of the…
