By Kirti Tak
Publication Date: 2025-11-16 16:41:00
Nvidia (NVDA) stock is in the spotlight as Wall Street analysts reaffirm their bullish stance ahead of the company’s highly anticipated Q3 earnings report on November 19. Notably, five-star-rated analyst Joseph Moore at Morgan Stanley raised his price target on NVDA from $210 to $220 while keeping his Buy rating. Moore expects Nvidia to deliver “the strongest result seen in the last few quarters.”
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Overall, Wall Street expects Nvidia to post earnings of $1.25 per share for Q3 FY26, up 54% from the same quarter last year. Analysts also forecast $54.79 billion in revenue, representing a year-over-year jump of more than 56%.
Here’s Why Morgan Stanley Is Bullish on NVDA
Ahead of the Q3 release, Moore stated that industry checks point to a material acceleration in demand. He expects Nvidia to deliver solid Q3 results as the Blackwell platform moves into full production.
He noted that Blackwell remains the AI chip of choice, while early demand signals for Vera Rubin are “very strong.” Despite Nvidia’s recent underperformance versus AI peers, Moore believes this trend should reverse, adding that even after lifting estimates above Street expectations, his outlook remains “conservative.”
For context, Nvidia’s Blackwell platform is the company’s next-generation AI architecture built to deliver higher performance and efficiency for training and inference tasks. It’s quickly becoming the chip of choice for enterprises…
