Nvidia Price Targets Raised to $140 and $175; $2B+ Revenue Beat Expected, Testing $115 Support

Nvidia ($NVDA) is experiencing significant market attention as analysts raise price targets ahead of its upcoming earnings report. Piper Sandler has increased its price target for Nvidia to $140 from $120, citing positive business trends and expectations of a revenue beat exceeding $2 billion for the July quarter. Loop Capital has also raised its price target to $175 from $120, emphasizing strong future earnings potential. Currently, Nvidia's stock is testing key support levels, particularly the 50-day moving average and a significant price point at $115. The stock is approaching a three-day high, with recent trading showing a closing price of $123.54 in June.