Wall Street is bracing for Nvidia’s earnings report on Wednesday, February 25, and the call will dictate the market movements. The most anticipated earnings call comes ahead of the annual GPU Technology Conference (GTC event) in March in San Jose. The AI behemoth is expected to make major technological announcements during the event that could make it chart a new territory. Leading investment bank Morgan Stanley has reset Nvidia stock (NASDAQ: NVDA) price target a day before the scheduled earnings call.
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What’s Morgan Stanley’s NVDA Target Ahead of Nvidia’s Earnings Call?
Global investment bank Morgan Stanley expects Nvidia stock to trade up on good results ahead of the earnings call. The bank’s analyst Joseph Moore and team expects strong Q4 results from the biggest GPU maker. The team of analysts wrote that demand for all forms of AI compute remains strong that gives the company an edge amongst its peers. Moore bets on the company’s upcoming next-generation AI supercomputing Vera Rubin, where Vera CPU and Rubin GPU will deliver 5x the performance of Blackwell.
The Vera Rubin is scheduled for a 2026 launch and could be announced at the March GTC event. The development could push Nvidia stock higher as the earnings call and the launch could propel it, wrote Morgan Stanley. However, the exact timeline for the launch of Vera Rubin is yet to be announced. Therefore, taking an entry position now when NVDA is trading below the $200 level could be beneficial for investors.
In addition, Morgan Stanley’s analysts revised price target for Nvidia stock ahead of the earnings call is $250. NVDA is currently trading at $192 and has an upside potential of approximately 30% from its present price. An investment of $1,000 now could turn into $1,300 if the price prediction turns out to be accurate. All eyes are now on the leading tech giant and the numbers it produces during the earnings call.
