Analysts expect Nvidia’s stock to stay relatively flat, but the company could surprise with its fiscal Q2 update. Despite a 37% drop earlier this year, Nvidia has rebounded over 30% year to date. Wall Street projects adjusted EPS of $1.01 and revenue of $46 billion, signaling significant year-over-year growth.

While analysts anticipate strong numbers from Nvidia, the consensus price target suggests limited upside potential. The average target is only 8% higher than the current share price, indicating low expectations for the stock’s performance post-update. However, if Nvidia exceeds earnings estimates, driven by new Blackwell GPUs, the stock could see a significant boost.

Investors may see Nvidia’s stock soar after the Q2 update if the company delivers better-than-expected results or provides bullish commentary. Major customers like Amazon, Microsoft, and Google have hinted at increased AI infrastructure investments, potentially driving demand for Nvidia’s chips. Positive updates on advanced AI chip sales to China could also fuel investor enthusiasm.

Despite potential post-update volatility, analysts remain bullish on Nvidia in the long term. Of the 65 analysts covering the stock, 58 rate it as a “buy” or “strong buy.” While short-term price movements are uncertain, the overall outlook for Nvidia remains positive. Investors should consider the company’s growth prospects and market position before making investment decisions.

Read more at Nasdaq: Wall Street Isn’t Expecting a Big Pop for Nvidia Stock on Aug. 27. Here’s Why Analysts Could Be Wrong.