Analysts lift Nvidia’s price target ahead of fiscal first-quarter results, citing strong cash flow and financial position.
Nvidia’s stock climbed 1.1% in premarket trading after GF Securities increased its price target on the chipmaker. The upgrade precedes the company’s fiscal first-quarter earnings report, expected to reflect continued demand for AI-driven semiconductors.
The move follows Nvidia’s recent trend of outperforming market expectations, driven by robust free cash flow and a solid balance sheet. Analysts have highlighted the company’s leadership in AI infrastructure as a key growth driver.
Shares reacted positively to the revised target, reflecting investor confidence ahead of the earnings release.