Goldman Sachs Maintains Buy Rating on Nvidia Despite Stock Selloff

Nvidia shares have come under pressure in recent weeks, but Goldman Sachs remains bullish on the world's most valuable chipmaker, reiterating its Buy rating and $300 price target despite the stock's decline.

Goldman Sachs maintained its Buy rating and $300 price target despite the Nvidia's recent share-price decline.

Nvidia was trading at around $187 in early November, down approximately 22 percent over the preceding month. The stock also fell before the market opened on November 9, according to Hillary Remy, who reported for TheStreet.

Goldman Sachs, however, maintained its positive outlook, viewing the selloff as a potential buying opportunity rather than a reason to turn bearish.

The bank's position builds on an assessment it made earlier in the year.

In February, Goldman expected Nvidia's results to exceed Wall Street expectations but cautioned that “upside to Nvidia's CY26 estimates is largely priced into the stock at current levels.”

At the time, Goldman had a $250 price target.

The bank also emphasized the importance of Nvidia's guidance for the following two years, rather than focusing solely on the results of a single quarter, TheStreet reported.