Goldman Sachs Reaffirms Nvidia Buy Rating and $300 Price Target

Goldman Sachs reaffirmed its Buy rating and $300 price target for Nvidia in an update from late October or early November; Nvidia shares fell about 9% on Nov. 5 in a broader semiconductor selloff.

Goldman raised the target from $285 to $300 in August. Goldman had maintained its Buy rating and $300 price target in its Oct. 21 report after Nvidia’s GTC Berlin keynote.

Goldman’s view rests on continued demand for AI infrastructure. Nvidia’s fiscal 2027 guidance includes anticipated revenue growth of 70%.

Near-term concerns for semiconductor stocks included potential regulatory hurdles, elevated borrowing costs and questions about whether cloud operators would slow data-center construction.