Goldman Sachs resets Nvidia stock forecast after earnings

Goldman Sachs didn’t revamp Nvidia’s (NVDA) stock terms people post-earnings, but it bumped thing other that matters conscionable arsenic much.

After different blowout 4th with its Q4 net connected Feb. 25, the AI bellwether cleared yet different precocious bar.

However, the large bank’s analysts reiterated a bargain standing portion keeping their $250 terms people intact. Goldman did, however, rise its net estimates by nearly 2% connected mean and said its 2026 projections are hovering good supra Wall Street expectations.

Since reporting earnings, Nvidia's banal is down 9.4% to $177.19 arsenic of Feb. 27 (latest trade), according to Nvidia’s capitalist relations page.

When I past covered Nvidia connected Feb. 21, the banal closed astatine $189.82 successful my portion connected seasoned expert Dan Niles, who enactment Nvidia and Broadcom beforehand and halfway connected his AI banal bargain database successful an interrogation with Fox Business.

Nvidia’s banal descent comes aft a 4th successful which it posted $68.1 cardinal successful sales, topping expectations, portion its Q1 guidance of $78 billion blew past the Street’s estimates.

Also, for AI-focused investors, the spot successful information halfway sales, which reached up to $62.3 billion, highlights wherever Nvidia’s existent maturation motor is operating close now.

It’s important to enactment that implicit the past 4 quarters, Nvidia has comfortably blown past some apical and bottom-line estimates by a wide margin, according to Seeking Alpha.

Also successful caller weeks, with 13F filings rolling in, I’ve covered large hedge funds, including Ken Griffin’s Citadel, adding $2.19 billion worthy of Nvidia stock, and Ray Dalio’s Bridgewater adding $253 cardinal to its position.

It appears that Nvidia’s post-earnings selloff has go thing of a habit, and TheStreet tech adept Vuk Zdinjak described the dynamic successful his latest piece.

Nvidia CEO Jensen Huang addressed the concern during an all-hands gathering pursuing the company’s Q3 earnings, according to Business Insider, Zdinjak wrote.

Nevertheless, Goldman Sachs believes the broader displacement is forward-looking, resetting expectations for what comes next.

• Headline numbers: Revenue $68.13 billion (+73% twelvemonth implicit year), beating statement ($66.21 billion, LSEG). Non-GAAP EPS $1.62 (+82% YoY) beat ($1.53, LSEG). GAAP EPS $1.76 (+98% YoY).

• Guidance: For fiscal Q1 2027, Nvidia guided gross to $78.0 cardinal ±2% (about $76.44 billion-$79.56 billion), compared with the Street anticipation astir $72.78 billion.
  GAAP gross borderline 74.9% and non-GAAP 75.0% (±50 bps).

• Key conception drivers:
  Data Center did the dense lifting: $62.3 cardinal gross (+75% YoY, +22% QoQ) — astir 91% of full institution gross this quarter. Professional Visualization $1.3 cardinal (+159% YoY, +74% QoQ), with Nvidia attributing spot linked with Blackwell demand.

• Balance expanse and superior returns: Ended the 4th with $62.56 billion successful cash/cash equivalents/marketable securities; free currency travel $34.90 billion successful Q4 (vs $15.52 billion a twelvemonth ago).
  Nvidia reported $3.82 cardinal successful Q4 stock repurchase outflows and $243 cardinal successful dividends paid; for the afloat fiscal year, it returned $41.1 cardinal to shareholders. Sources: Nvidia FY26 Q4 net release, Reuters, Business Insider