Nvidia is heading into its most anticipated earnings report of the year on the back foot, and that may be exactly what the stock needs. Shares fell 1.1% in premarket trading Tuesday, extending a three-day pullback from last Thursday’s closing high of $235.74. For investors watching closely, a lower entry point ahead of Wednesday’s results could set the stage for a stronger post-earnings reaction than the market has delivered in recent quarters. Here is what analysts expect and why the setup this time may be different.
Wedbush reiterated an Outperform rating and a $300 price target ahead of the report, arguing that Nvidia will again exceed estimates and issue guidance above Wall Street consensus given a consistent stream of positive data points across the AI infrastructure landscape. The analyst’s price target is based on 30 times his fiscal 2028 earnings forecast plus net cash.
The numbers the market is looking for are significant. Analysts expect quarterly revenue of more than $80 billion, with second-quarter guidance of approximately $90 billion. A beat on both metrics would reinforce the narrative that AI infrastructure spending remains firmly on track despite broader macro uncertainty.
The more interesting question heading into Wednesday is not whether Nvidia beats. It is whether the stock finally reacts with conviction after a string of solid earnings reports that produced underwhelming share price moves. Three days of losses have reset expectations modestly, which may be all the market needed to respond more positively this time around.
