Morgan Stanley Cuts Nvidia Price Target to $310 Ahead of Q4 Earnings
Morgan Stanley cut Nvidia’s price target from $325 to $310 and kept an Overweight rating, citing signs of moderating hyperscale datacenter GPU demand. The revision comes three days before Nvidia’s fiscal Q4 earnings release scheduled for Feb. 22, as the firm flags potential supply constraints.
1. Forecast Revision
Morgan Stanley reduced its Nvidia price target by 5% from $325 to $310 while maintaining an Overweight rating. The firm highlighted emerging signs of slowing growth in hyperscale datacenter GPU orders as the primary driver behind the downward adjustment.
2. Timing Ahead of Earnings
This reset comes three days before Nvidia reports fiscal Q4 results on Feb. 22, a release analysts expect to shed light on revenue contributions from AI and gaming segments. Morgan Stanley noted that any further slowdown in datacenter sales could pressure near-term stock performance.
3. Analyst Insights
Analysts at Morgan Stanley remain constructive on Nvidia’s long-term AI positioning but caution that chip supply constraints and order pull-backs by cloud customers may limit upside in the current quarter. The team lowered its fiscal 2026 revenue growth estimate by two percentage points to 32%, reflecting these headwinds.