Goldman Sachs: Maintains Nvidia's "Buy" rating, 12-month price target of $200

Goldman Sachs said in its latest report that NVIDIA (NVDA. O) 's latest earnings report and guidance for the next quarter, while solid and largely in line with Wall Street expectations, may still struggle to meet the market's previously high expectations or cause its share price to face downward pressure in the short term. Goldman Sachs analysts believe that the market has largely digested the growth potential brought by its new generation of Blackwell architecture chips. However, Goldman Sachs maintained a "buy" rating on NVIDIA and gave a 12-month price target of $200. The target price is based on the company's standardized earnings per share of $5.75 and 35 times price-to-earnings ratio (P/E) estimates. The report also identified four key downside risks that investors need to be wary of: a slowdown in AI infrastructure spending, loss of share due to increased competition, loss of profit margins due to competition, and supply chain constraints.