Strategas: Nvidia Should Trade to $212-$215, Not $180; Earnings Aren't Peaking

"Nvidia should be at like $212-$215, not $180. I just think there continues to be - are we at the peak for Nvidia earnings or Broadcom? And I think the answer is going to be no. With Nvidia currently trading around $182.48, that call implies roughly 17% upside to the midpoint of his target range."

"Nvidia's revenue has marched steadily higher every single quarter: $39.3 billion, then $44.1 billion, $46.7 billion, $57.0 billion, and most recently $68.1 billion. EPS has followed the same path, climbing from $0.89 to $1.62 over that same stretch. Every quarter has beaten estimates."

"Year-over-year earnings growth sits at 95.6%, and the analyst community has noticed. 95% of the 61 analysts covering Nvidia are bullish, with a consensus price target of $263.39. Strategas' $212-$215 call is actually conservative relative to where Wall Street broadly sits."

Strategas analyst Ryan Grabinski argues Nvidia stock should trade at $212-$215 rather than current levels around $182, representing approximately 17% upside. Nvidia's earnings trajectory supports this thesis, with five consecutive quarters showing accelerating revenue growth from $39.3 billion to $68.1 billion and EPS climbing from $0.89 to $1.62. The company delivered a 7.28% EPS surprise in its most recent quarter with 95.6% year-over-year earnings growth. Analyst consensus reflects this optimism, with 95% of 61 analysts covering Nvidia bullish and a consensus price target of $263.39. Grabinski's call remains conservative relative to Wall Street's broader positioning. Among mega-cap technology stocks, Grabinski recommends selectivity, favoring companies with predictable spending patterns like Alphabet and Apple while cautioning on others.

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