By Shalu Saraf
Publication Date: 2025-11-13 11:00:00
Top Oppenheimer analyst Rick Schafer expects Nvidia to post stronger-than-expected results when it reports F3Q earnings on November 19. After reviewing recent data and Nvidia’s product momentum, the analyst raised his price target to $265 from $225 and kept an Outperform rating, saying demand for Nvidia’s AI chips “remains extremely strong.” The 5-star analyst believes Nvidia is well-positioned to beat both Q3 and Q4 expectations as cloud customers continue to lift their spending on AI hardware.
Meet Your ETF AI Analyst
It is worth noting that Schafer ranks 8 out of more than 10,000 analysts tracked by TipRanks. He has a success rate of 74%, with an average return per rating of 28% over a one-year timeframe.
Wall Street expects Nvidia to report a 54.3% year-over-year rise in Q3 FY26 earnings per share (EPS) to $1.25. Revenue is estimated to grow by 57% to $54.74 billion.
Why Oppenheimer Is Upbeat About Nvidia’s Q3 Earnings
Schafer pointed to strong demand for Nvidia’s new GB300 Ultra chips. He said the NVL72 system remains the top choice for large AI data centers, and orders continue to exceed supply.
He also noted CEO Jensen Huang’s recent comment that Nvidia could generate $500 billion in Blackwell and Rubin revenue by the end of 2026, which he believes shows how fast AI spending is rising across the industry.
Schafer expects data center revenue to remain the main growth engine. He sees this segment rising 19% quarter over quarter as…
