NVIDIA Corporation(NVDA.US) is scheduled to report its Q3 FY2025 earnings after the market closes on Wednesday. Market consensus expects Nvidia to achieve revenue of $33.028 billion, reflecting an 82.27% year-over-year increase, and earnings per share (EPS) of $0.75, marking an 87.5% year-over-year growth.

According to TipRanks data, Nvidia has consistently exceeded market expectations for EPS across the past seven quarters. The average stock price movement following earnings disclosures has been 10.43%, with a peak increase of +24.38% and a maximum decline of -6.39%, suggesting a higher probability of price upticks on earnings days.

Wall Street Raises Price Targets: Blackwell Set to Drive Nvidia's Second-Half Surge

As per the latest data from TipRanks, several major financial institutions, including Melius, Morgan Stanley, and Mizuho, have preemptively raised their price targets for Nvidia ahead of earnings. The current average target price on Wall Street stands at $163.26, indicating an upside potential of 15%, with the highest target price reaching an impressive $200 per share.

• Piper Sandler: Names Nvidia as Top Pick! Bullish on Upcoming Blackwell Architecture

Piper Sandler analysts have favored Nvidia as a top pick, citing the company's dominant position in the AI accelerator market and the imminent launch of the Blackwell architecture. They highlighted that the total market size for AI accelerators will continue to grow into 2025, with Nvidia being "advantageously positioned" to capture the largest market share.

• Morgan Stanley: Q3 Gross Margin to Improve, Blackwell to Spur Second-Half Price Gains

Morgan Stanley anticipates a Q3 gross margin improvement for Nvidia and is optimistic about the revenue for the January quarter, projecting it could reach nearly 5−6 billion driven by Blackwell sales. They also forecast an increase in gross margins for Q3 FY2025.

• Mizuho: Nvidia's Quarterly Guidance to Pave the Way for Strong 2025 Growth

Mizuho maintains that the AI accelerator market continues to strengthen ahead of Nvidia's earnings release and expects the company to provide January quarter guidance, setting the foundation for robust growth in 2025.

• Goldman Sachs: Blackwell Supply Improvements to Positively Impact EPS

Goldman Sachs reaffirmed its "Buy" rating on Nvidia, including it on the "Conviction Buy" list. They anticipate the Q1 FY2026 results, to be disclosed next April, to be truly breakout, driven by expected advancements and improved supply conditions for Blackwell, which in turn, will considerably enhance EPS.