Nvidia (NVDA) Stock: Analyst Predictions Ahead of May 20 Earnings Report

Key Takeaways

• Nvidia’s Q1 FY27 earnings announcement is scheduled for Wednesday, May 20.
• Analyst consensus targets EPS of $1.75, representing more than 100% growth compared to last year, with revenue expectations around $78.85 billion.
• Matt Bryson from Wedbush anticipates results will exceed expectations, projecting EPS beyond $1.80 and revenue at least $2 billion higher than consensus.
• Morgan Stanley named NVDA its “top pick,” while both KeyBanc and D.A. Davidson increased their price targets to the $300 level.
• Shares closed at $222.23 Monday, with Wall Street projecting potential gains of 26–35% from these levels.

The chipmaker giant Nvidia is set to unveil its fiscal Q1 2027 financial results this Wednesday, May 20, drawing significant attention from investors and analysts alike. Despite shares declining 1.3% Monday to close at $222.23, analyst optimism remains robust.

NVIDIA Corporation, NVDA

Street estimates project earnings per share of $1.75 — representing more than a 100% jump from the same quarter last year — alongside revenue forecasts of approximately $78.85 billion, marking year-over-year expansion exceeding 75%.

Matt Bryson from Wedbush believes these projections underestimate what’s coming. On Monday, he maintained his Buy recommendation with a $300 price objective, suggesting approximately 35% appreciation potential from present trading levels.

Bryson’s own Q1 forecast calls for EPS exceeding $1.80, up from his earlier $1.74 projection. He also anticipates revenue will surpass his $78.01 billion estimate by at least $2 billion.

For the upcoming Q2 period, Bryson predicts earnings of $1.84 per share with revenue reaching $82.12 billion. His analysis suggests AI infrastructure investment will maintain momentum throughout 2027.

While acknowledging certain headwinds — including ambiguity surrounding Middle Eastern projects and possible restrictions on Chinese operations — Bryson believes any clarification in these areas would likely strengthen AI spending rather than diminish it.

Supply Chain Challenges Navigated Successfully

Bryson also examined the supply chain landscape, noting pervasive constraints affecting the AI hardware sector, including scarcity of cutting-edge chips, memory components, optical elements, and storage drives.

Nevertheless, he indicates Nvidia has successfully avoided the most severe disruptions — an observation reinforced by D.A. Davidson’s Gil Luria, who elevated his price objective to $300 from $250.

KeyBanc’s John Vinh similarly increased his target to $300 from $275, pointing to robust demand for Blackwell Ultra GPUs combined with early Rubin GPU deliveries. His Overweight rating remains unchanged.

Focus on Inference Strategy and Computex Announcements

Beyond quarterly figures, market participants are eager to understand Nvidia’s approach to AI inference — the deployment phase of models versus training — where competition has intensified from competitors including recently public Cerebras Systems.

Moore recognized that rebuilding investor excitement around the Nvidia narrative has required patience, as optical networking firms and adjacent AI infrastructure companies have recently captured market attention.

Vinh from KeyBanc anticipates Nvidia will unveil standalone CPU server configurations at Taiwan’s Computex conference in early June — representing a significant diversification beyond its GPU core business.

Paul Meeks from Freedom Capital Markets observed that Nvidia currently trades at approximately 20 times projected fiscal 2028 earnings, with adjusted earnings growth estimated at 73% for FY2027 and 36% for FY2028.

The overall Wall Street sentiment on NVDA registers as Strong Buy — comprising 40 Buy ratings, one Hold, and one Sell over the past three months. The mean 12-month price target stands at $281.59, indicating 26.6% upside from current price levels.

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