Nvidia earnings for Q1 fiscal 2027 land today, May 20, after the market closes, and right now NVDA trades at $220.61, down 0.77% on the day, with a market cap of $5.34 trillion and a P/E ratio of 45.04. A lot of investors want to know whether it is too late to buy Nvidia stock or whether a real case still exists for getting in. Wall Street’s consensus for the Nvidia earnings report today sits at $79.17 billion in revenue, implying around 80% year-over-year growth, and $1.78 in adjusted EPS. At the time of writing, the stock trades within a 52-week range of $129.17 to $236.54, with today’s session hitting a high of $224.48 and a low of $217.91.

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Several firms revised their Nvidia stock price target upward in the days before the Nvidia earnings report today. Morgan Stanley analyst Joseph Moore moved his 12-month target to $285 from $260, keeping an overweight rating. His note, published May 18, builds a valuation case around a $1 trillion long-term revenue scenario for the company.

Morgan Stanley analystJoseph Moorestated:

“Visibility into the supply chain has improved materially.”

Moore also flagged that gross margins could face some pressure from new architecture ramps, specifically the Blackwell and Rubin product cycles, and that input costs are also a factor to watch. He projected roughly $3 billion above current consensus revenue and around $4 billion of higher guidance in his modeling.

GF Securities analyst Jeff Pu raised his target to $308 from $292. Pu also pointed to Nvidia’s strong cash position and free cash flow as possible support for a new share repurchase program, and noted that the Rubin platform timeline could shift by about one month, though the expected 2300W specification stays unchanged. HSBC moved its Nvidia stock price target to $325 from $295, also maintaining a Buy rating, and Aletheia raised its target to $270.

Nvidia earnings have topped Wall Street’s adjusted EPS estimate in 21 of the past 23 quarters, with an average beat magnitude of around 9%. In the four most recent quarters, the company went 4 for 4. The stock still dropped the day after earnings in three of those four quarters, though, and also in three of the four quarters before that. Guidance tends to matter far more than the headline beat, and so does how much investors already priced in a strong result before the Nvidia earnings report today even comes out.

With Nvidia earnings landing while NVDA sits near all-time highs, the timing question feels a bit uncomfortable for a lot of investors right now. At 27 times fiscal 2027 earnings the stock is not cheap, and analysts model 73% revenue growth and 67% EPS growth for the full fiscal year, which also explains why the Nvidia stock price target keeps moving up across the Street. The broader setup still looks strong, too. Alphabet, Amazon, Microsoft, and Meta collectively plan around $725 billion in capital expenditures in 2026, up roughly 77% from last year, with a large share going toward AI infrastructure that runs on Nvidia chips.

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Source: Watcher Guru