Goldman Keeps NVIDIA $285 Target as June Breakout Tests Flows

Goldman Sachs reaffirmed a Buy rating and a $285 price target for NVIDIA following the company’s GTC Taipei keynote. On June 1, NVIDIA shares rose 6.26% to close above $224, breaking out of a falling channel. Trading volume that day was about 213 million shares.

The stock had climbed from a $164 low to a $236 high, a 44% advance, then consolidated inside a tilted channel. The June 1 session produced a sharp breakout candle on heavy volume that matched late-April trading levels.

The Chaikin Money Flow, a gauge of net institutional inflows, moved toward 0.58 in early May before declining to around zero by June 1. From late April into early June the share price trended higher while the Chaikin reading trended lower.

Options activity on the breakout day leaned bullish by daily volume: the put/call ratio by trading volume was about 0.39. The open interest put/call ratio was near 0.81, indicating that accumulated options exposure remained more balanced.

Traders cited specific price triggers. A clean daily close above $225 would confirm the breakout and open Fibonacci extension levels near $244, $253 and $265, with the next major level near $280. Goldman’s $285 target sits close to that band. A full repeat of the prior 44% pole projects toward $310. On the downside, a drop below $208 would weaken the pattern and a close under $194 would break it.

Goldman noted NVIDIA’s expansion into AI personal computers with Microsoft, continued datacenter demand, growing use of agentic AI and progress on the Vera Rubin chip platform. NVIDIA also introduced the RTX Spark, a desk-side AI computer designed to run AI agents locally. Earlier analyst actions included a Susquehanna price target of $275 and a Deutsche Bank Hold rating with a $255 target.

The breakout day showed heavy trading, but the Chaikin Money Flow did not register a sustained rise in institutional inflows. Market participants are watching product demand, margin outlook and whether institutional buying increases to confirm the price breakout.