Piper Sandler NVIDIA · NVDA

Piper Sandler Keeps Overweight on NVIDIA, $175 Price Target

Analyst: Harsh Kumar 1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$175
Outcome
Reached
on July 28, 2025
Piper Sandler and NVIDIA logos

What the analyst said

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $175 price target on NVIDIA (NASDAQ: NVDA)

“NVDA reported a strong Q1 followed by strong guidance demonstrated by the significant Blackwell ramp which generated $11B in Data Center revenues in the January quarter.

It’s evident to us that NVDA is experiencing an extremely strong demand environment for Blackwell and our assumption continues to be that the company is sold out for CY25.

NVDA is currently ramping with several 100k cluster customers which should continue to ramp for several quarters.

Perhaps the only negative in our mind was gross margin which is expected to be 71% for January as NVDA is racing to meet Blackwell demand, with GMs expected to return to the mid-70s towards the end of the year.

We are raising our revenue forecast slightly, but given gross margin and tax headwinds in the near term, our EPS slightly decreases.

We reiterate OW and believe NVDA is a must own stock during Blackwell ramp.”

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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

NVDA trades at $187. The 27 analysts who set a target in the last 3 months range from $270 to $515, with a median of $315. This $175 target is 44% below the median, the lowest on the Street.

Since the note NVDA has moved +42% (from $131). The 12-month window closed on February 27, 2026.

Track record

This call✓ Target reached on July 28, 2025, 5 months after the note.

Firm track recordPiper Sandler: 79% of its 38 targets at least a year old were reached within 12 months (#14 of 26 firms); on NVIDIA, 5 of 5. Accuracy ranking →

Piper Sandler on NVIDIA

Piper Sandler price targets on NVIDIA

6 calls from September 19, 2025 to September 10, 2026. The target went from $225 to $300 (+33%). The rating stayed Buy.

Piper Sandler targetNVDA share price
  1. September 10, 2026Target raised from $225 (+33%)Buy$300
  2. February 26, 2026Kept the $225 targetBuy$225
  3. January 6, 2026Kept the $225 targetBuy$225
  4. November 20, 2025Kept the $225 targetBuy$225
  5. October 14, 2025Kept the $225 targetBuy$225
  6. September 19, 2025Earliest call shownBuy$225
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Other analysts on NVIDIA

Goldman SachsBuy Kept rating and price target Oct 21 $300maintained UBSBuy Kept rating and price target Oct 9 $300maintained Yorkville IvesBuy Initiated coverage Oct 7 $300 CantorBuy Kept rating and price target Oct 5 $350maintained CantorBuy Kept rating and price target Oct 1 $350maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.