Deutsche Bank is a rare Wall Street bank cautious on Nvidia before earnings

Ahead of Nvidia ‘s highly anticipated quarterly earnings release next Wednesday, Deutsche Bank is a rare Wall Street bank that is staying on the sidelines in failing to recommend the chipmaker. Nvidia is slated to report results for the fiscal fourth quarter that ended in January after the market closes on Feb. 26. Jensen Huang’s company has had a sluggish start to 2025, with shares up just 4.3% after a sell-off in January caused by the emergence of China’s DeepSeek artificial intelligence platform. But the stock has more than doubled over the past 12 months and remains a key AI name. Deutsche Bank reiterated its hold rating on Nvidia in a research note on Thursday. The investment bank is in a small minority on Wall Street, where 56 out of 62 analysts covering the stock rate it a buy or a strong buy, according to FactSet data. The consensus price target is $172, or about 23% higher than where the stock closed on Thursday. Deutsche Bank is far less optimistic, sticking to a price target of $140 per share, close to where Nvidia finished Thursday. While analyst Ross Seymore sees strong results from Nvidia, he also believes the company’s guidance for the current quarter ending in April will only match the Street’s estimates, leaving the stock with little room to climb.