Analysts at Morgan Stanley have elevated their target price for NVIDIA to $170, maintaining an "overweight" recommendation. NVIDIA's latest financial report revealed that revenue for the quarter ending in April surged to $44 billion, surpassing market projections, with standout performance in its datacenter and gaming segments. Despite gross margins falling slightly short of the company's internal expectations, they remained above Morgan Stanley's forecasts. Consequently, the bank has revised upwards its revenue and earnings per share (EPS) forecasts for NVIDIA, applying both to fiscal year 2026 and beyond, using non-GAAP (Generally Accepted Accounting Principles) metrics.
