Nvidia stock consolidates at $182 as Cantor Fitzgerald lifts target to $240

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Nvidia stock consolidates

Highlights

- Nvidia is trading at $182.01, up 0.86%, supported by strong technical momentum and bullish moving averages.

- Cantor Fitzgerald raised its price target to $240, driven by rising demand for the company’s next-gen Blackwell AI chips.

- Most analysts maintain a positive outlook, with potential for the stock to break above $200 and target $250 in the coming months.

Momentum indicators reinforce this bullish setup. The Relative Strength Index (RSI) stands at 62.5, indicating the stock is neither overbought nor oversold, leaving room for further upside. The Moving Average Convergence Divergence (MACD) remains in positive territory, confirming continued upward momentum. The Rate of Change (ROC) indicator also supports a bullish short-term stance. Additionally, Nvidia’s daily chart continues to trend above its 21-day moving average, which is often considered a support zone in strong uptrends.

Support is seen around the $165–$172 range, aligning with previous breakout levels and the 21-day EMA. A deeper retracement may find buyers at $150, and a critical long-term floor exists at $130, which corresponds with the 50-week moving average. Resistance lies initially at $188, followed by $200—a psychological barrier and the upper limit of current analyst consensus.

Nvidia stock price dynamics (June 2025 - August 2025). Source: TradingView

On the weekly chart, Nvidia continues to print higher highs and higher lows—a classic bullish pattern. Technical analysts have noted a breakout bar forming in July, pointing to a possible measured move toward $220 in the next wave higher if momentum persists. Despite concerns earlier in the year around a “death cross” in March, the pattern has since reversed, and the 50-day moving average is curling upward, hinting at a golden cross scenario later this quarter.

Blackwell chip cycle lifts analyst targets

Recent analyst commentary has strengthened the bullish outlook, particularly with renewed focus on Nvidia’s next-gen Blackwell AI chip architecture. Cantor Fitzgerald, Loop Capital, and Morgan Stanley have all raised their price targets in the last six weeks, citing accelerating AI infrastructure demand and Nvidia’s commanding position in the hyperscale chip market. Cantor Fitzgerald now sees the stock reaching $240, pointing to stronger-than-expected uptake of Blackwell chips by enterprise and cloud customers.

Loop Capital echoed this view, lifting its price target to $250, one of the highest on the Street, and forecasting Nvidia’s market cap could approach $6 trillion in the coming quarters if adoption trends continue. Morgan Stanley, while slightly more conservative, increased its target to $200, still reflecting nearly 10% upside from current levels. These upgrades have coincided with rising institutional inflows into large-cap AI equities, with Nvidia leading the pack in terms of allocation among AI-focused ETFs.

While some analysts, such as those at Seaport Research, have expressed caution—issuing a Sell rating with a $100 target—this view remains an outlier. The concern lies primarily in valuation: Nvidia is trading at nearly 33x estimated 2026 earnings, with expectations already pricing in substantial AI-driven growth. Yet, even conservative houses like DBS continue to raise targets, recently moving to $180 due to improving free cash flow visibility and return on investment metrics.

Consolidation above $180 with breakout potential to $250

Nvidia’s price action remains constructive, with a likely base scenario of consolidation between $180 and $200 over the next few weeks. This range is supported by both fundamental momentum and technical resilience. If AI infrastructure demand remains robust and Blackwell chip shipments accelerate, a breakout above $200 could trigger the next bullish leg toward $220–$250.

In the bullish scenario, increased analyst revisions and continued ETF inflows could help drive the stock toward Loop Capital’s $250 target by Q4 2025. An aggressive upside case—driven by exponential AI spending and breakout technical confirmation—could even bring $300 into view, as projected by chartists using bar-pattern analysis.

Nvidia's new licensing deal with the U.S. government allows it to sell modified H20 AI chips to China, with 15% of related revenue going to the Department of Commerce. This agreement eases geopolitical concerns and boosts investor confidence in Nvidia’s international growth and earnings outlook.

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