Nvidia Stock Forecast — How High or Low Can NVDA Stock Go?

Nvidia NVDA +0.93% ▲ stock has climbed about 74% over the past year and remains one of the market’s biggest AI winners, but Wall Street is now split on how to value it. With shares trading around $177, analyst price targets show a wide range. While its Blackwell and upcoming Rubin chips are set to push computing further, rising talk of a tech bubble is starting to weigh on sentiment.

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Wall Street Remains Split on NVDA Outlook

Street-High Target Points to Triple-Digit Upside: On the bullish side, Melius Research analyst Ben Reitzes has one of the highest price targets on the Street at $380, suggesting nearly 114% upside. His view is built around Nvidia’s long-term data center opportunity, especially after CEO Jensen Huang pointed to a potential $1 trillion revenue run rate from Blackwell and Rubin systems by 2027.

Reitzes noted that this estimate may still be conservative. The $1 trillion figure excludes several newer drivers such as inference systems, networking, and additional orders that could come in over the next two years. Adjusting for near-term timelines, he sees roughly $835 billion in data center revenue over the next eight quarters, above current Street estimates. That gap could drive earnings upside of about 10–15% as demand stays strong across training and inference.

Lower-End Target Still Points to Upside: At the lower end, price targets have moved higher. Fang Boon Foo from DBS raised his target on Nvidia from $180 to $220 in a report released yesterday, implying about 24% upside. This means even the more cautious view on the stock now points to gains from current levels.

Foo expects orders for Blackwell and Hopper chips to exceed what Nvidia can produce well into FY2026, with annual sales likely to cross $200 billion. That points to continued strength in the data center business. That said, some concerns remain. High valuations still raise the risk of pullbacks, and large customers like Amazon AMZN -0.38% ▼ and Microsoft MSFT +1.11% ▲ are developing their own chips, which could affect Nvidia’s pricing power over time.

What Comes Next for NVDA Stock?

Investors are now looking ahead to Nvidia’s Q1 results in May, which should give a clearer read on how strong AI demand really is. In the last quarter, Nvidia beat expectations by $0.10, once again showing how strong demand has been for its AI chips. That result helped reinforce confidence that the company is still leading the current AI cycle.

Looking ahead, Wall Street expects adjusted earnings per share of $1.76, up from $0.81 a year ago. Revenue is projected to reach $78.41 billion, marking about 78% growth year over year.

These estimates point to continued strength, but they also leave little room for disappointment. With expectations already high, even a small miss or slower growth outlook could impact sentiment. For now, Nvidia remains at the center of the AI story. But with such a wide range of price targets, the stock’s next move will likely depend on how growth holds up in the coming quarters.

Is Nvidia Stock Still a Buy?

Turning to Wall Street, analysts have a Strong Buy consensus rating on Nvidia stock based on 41 Buys, one Hold, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average 12-month Nvidia price target of $273.57 per share implies 54.2% upside potential.

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