Goldman Sachs Starts Coverage on Nvidia With $185 PT

Goldman Sachs initiated coverage on Nvidia on July 10, 2025. It set a ‘Buy’ rating and a $185 price target.

“We initiate on Nvidia (NVDA) with a Buy rating and a 12-month target price of $185.

Nvidia is a fabless provider of GPU technology and related software (CUDA), and we see it as the industry standard in accelerated computing.

Although stock price action has been choppy due to “peak concerns” and growing presence of custom accelerators, we believe that a combination of

1. product leadership and rapid cadence of introductions;
2. broadening of the customer base;
3. early signs of AI monetization;
4. attractive valuation can drive outperformance vs. our coverage.”

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