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2025-11-03 14:29:18
Goldman Sachs Raises Nvidia's Target Price to $240, Expecting Better-than-Expected Q3 Results. Goldman Sachs issued a research report stating that it expects Nvidia's Q3 results, ending October, to beat expectations, and the stock price reaction will depend on the extent of the company's upward guidance revision. The bank anticipates the earnings call will focus on four key areas: supplementary details on the expected $500 billion in data center revenue, OpenAI deployment in 2026, Rubin's mass production progress in 2026, and the potential resumption of operations in China. The bank reiterated its "Buy" rating, raising its revenue and non-GAAP earnings per share forecasts for fiscal years 2026-2028 by an average of 12%, and raising its target price to $240.
