Wall Street analysts intensified their bullish outlook on Nvidia ahead of the chipmaker’s upcoming earnings report, citing stronger-than-expected demand for its newest AI servers. Morgan Stanley lifted its price target to $206 from $200 and reiterated an Overweight rating after raising its 2025 shipment forecast for Nvidia’s GB200 and GB300 data-center racks to 34,000 units, up from 30,000. The bank now projects 11,600 racks will ship in the third quarter and 15,700 in the fourth, with the higher-end GB200 accounting for 87% of next year’s volume. Separately, Cantor Fitzgerald also maintained an Overweight stance and increased its target to $240 from $200, pointing to continued revenue and earnings momentum through 2026 as well as possible upside in China.