Goldman Sachs' recent bullish stance, with a target price of 285, is quite confident.

Goldman Sachs in its report stated that it has raised the target price for NVIDIA (NVDA) to $285, maintaining a "Buy" rating. The report pointed out that NVIDIA's performance for the first fiscal quarter ending in April exceeded expectations, with strong earnings guidance and optimized capital allocation plans performing outstandingly. Goldman Sachs believes that the sustainability of capital expenditures provides a clear path for NVIDIA to continue outperforming the market in the future, and has raised its earnings per share forecast by an average of 6%. Goldman Sachs expects NVIDIA's stock price to rise modestly, despite market sentiment being already optimistic before the earnings release.