What Analysts Think of Nvidia Stock Ahead of CEO Jensen Huang’s CES Keynote [Video]

Nvidia (NVDA) Chief Executive Officer (CEO) Jensen Huang will deliver the opening keynote at a major consumer electronics show on Monday, with many analysts viewing the event as a potential growth catalyst for the chipmaking giant. 

All but one of the 21 analysts covering the company who are tracked by Visible Alpha maintain a “buy” or equivalent rating, with analysts at Morgan Stanley, Bank of America, and Bernstein recently naming it a “top pick.” The consensus price target is about $177, a roughly 28% premium over the chipmaker’s intraday Thursday level. 

When Huang delivers the keynote address on Monday, the spotlight will be on Nvidia’s Blackwell GPUs, which are used to power generative artificial intelligence (AI) processes like large language models (LLMs).

Analysts at Citi said in late November that they expect Nvidia to raise sales expectations for Blackwell as the company works to meet what Huang has called “insane” …