Goldman Sachs: Raises NVIDIAs target price to $240, expecting the third quarter performance to exceed expectations.

Goldman Sachs released a research report stating that it is expected that Nvidia's third-quarter performance will exceed expectations by the end of October, and the stock price reaction will depend on the extent of the company's guidance upward revision. The report predicts that the performance meeting will focus on four key points, including additional details on the expected data center revenue of $5 billion, the deployment of OpenAI in 2026, the mass production progress of Rubin in 2026, and the potential for the recovery of Chinese business. The firm reiterates a "buy" rating, raising revenue forecasts for fiscal years 2026 to 2028 and non-GAAP earnings per share by an average of 12%, and raising the target price to $240.