Raymond James Sees 85% Upside for Nvidia Stock (NVDA)

FomoAnxiety · 2026-03-24T02:28:41+00:00

Raymond James Financial remains bullish on Nvidia, reiterating a Strong Buy rating and raising the price target to $323, predicting significant long-term growth driven by AI technologies. Analysts have a consensus Strong Buy rating with a target of $273.34.

FomoAnxiety

2026-03-24 02:28:41

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Analysts at Raymond James Financial RJF +1.13% ▲ remain extremely bullish on Nvidia’s NVDA +1.70% ▲ stock.

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The Wall Street brokerage says that Nvidia is a top “wide moat stock” to “buy for long-term growth.” As such, Raymond James has reiterated a Strong Buy rating on NVDA stock and raised its price target on the shares to $323 from $291 previously.

The new price target is 85% higher than where NVDA stock currently trades. Raymond James wrote in its new assessment that Nvidia CEO Jensen Huang’s recent forecast that the company’s sales will top $1 trillion in 2027 might be “conservative.”

Reasons to Be Bullish on NVDA Stock

Raymond James also likes the prospects for Nvidia’s newest artificial intelligence (AI) microchips and processors, and says that the thesis related to AI inference chips as a catalyst seems to be playing out and looks to be ahead of schedule.

Furthermore, with NVDA stock down 7% on the year and trading at $175 a share, now looks like a good entry point for investors. Raymond James isn’t alone in its bullish outlook for NVDA stock. New Street Research recently forecast that Nvidia’s share price will double within a year.

Is NVDA Stock a Buy?

Nvidia’s stock has a consensus Strong Buy rating among 42 Wall Street analysts. That rating is based on 41 Buy and one Hold recommendations issued in the past three months. The average NVDA price target of $273.34 implies 55% upside from current levels.

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