Piper Sandler Raises NVIDIA Price Target to $180
- Rating
- Buy
- Target
- $180
- from $150 (+20%)
- Outcome
- Reached
- on August 4, 2025
What the analyst said
Piper Sandler analyst Harsh Kumar raised the price target on NVIDIA (NASDAQ: NVDA) to $180 (from $150) while maintaining an Overweight rating.
“NVDA reported a strong April quarter, effectively beating estimates given the impact from the China ban.
For July, guidance calls for $45B which was lower than street expectation of $45.8 billion, but management implied that it will leave behind roughly $8 billion in China business during the July quarter.
The implied ex-China growth is pegged at 22% Q/Q which is about as high as we have seen from NVDA in the last 6 quarters.
NVDA’s core business appears to be very strong, driven by insatiable demand for inferencing at all major partners and customers.
Given the demand for inferencing, we believe that this demand could have long legs.
Finally, NVDA was able to get a better handle on manufacturing for Blackwell, which is leading to recovery in gross margin to 72% for the July quarter.
All in all, we continue to see strong execution and reiterate OW.”
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Where the price stands
NVDA trades at $229. The 27 analysts who set a target in the last 3 months range from $270 to $515, with a median of $315. This $180 target is 43% below the median, the lowest on the Street.
Since the note NVDA has moved +70% (from $135). The 12-month window closed on May 29, 2026.
Track record
This call✓ Target reached on August 4, 2025, 2 months after the note.
Firm track recordPiper Sandler: 84% of its 19 targets at least a year old were reached within 12 months (#9 of 20 firms); on NVIDIA, 4 of 4. Accuracy ranking →
Piper Sandler on NVIDIA
Piper Sandler price targets on NVIDIA
8 calls from August 13, 2025 to September 10, 2026. The target went from $225 to $300 (+33%). The rating stayed Buy.
- September 10, 2026Target raised from $225 (+33%)Buy$300
- February 26, 2026Kept the $225 targetBuy$225
- January 6, 2026Kept the $225 targetBuy$225
- November 20, 2025Kept the $225 targetBuy$225
- October 14, 2025Kept the $225 targetBuy$225
- September 19, 2025Kept the $225 targetBuy$225
- August 27, 2025Kept the $225 targetBuy$225
- August 13, 2025Earliest call shownBuy$225
