Rosenblatt analyst Hans Mosesmann raised the firm’s price target on Nvidia to $800 from $600 and keeps a Buy rating on the shares ahead of the July quarter results on August 23. The analyst expects a “beat and raise” print with the guidance being impacted by severe constraints on H100 Hopper platforms. The firm believes demand over the next several quarters is exceeding supply by at least 50%. Unconstrained, Nvidia’s earnings for 2024 would be in the high-teens per share versus Rosenblatt’s current $10.35 estimate, the analyst tells investors in a research note. The firm sees Nvidia’s 2025 earnings power “well into” the $20s per share. Nvidia in late afternoon trading is down 1% to $436.54.