Key facts
- The average price target for Nvidia among Wall Street analysts is $327.
- This target represents a potential 42% increase from Nvidia's current price of $230.
- Nvidia's market capitalization has reached $5.56 trillion.
- Analysts' price targets for Nvidia range from $220 to $515.
- Most analysts recommend a buy or strong buy for Nvidia stock.
- Nvidia's management projects third-quarter revenue to reach $108 billion.
Wall Street analysts are overwhelmingly bullish on Nvidia (NVDA), with average price targets indicating a significant rally is expected. Following the company's strong second-quarter earnings report on August 26, where revenue more than doubled year-over-year to $96.2 billion and diluted earnings per share rose 128% to $2.46, analysts have set optimistic outlooks.
The consensus among Wall Street analysts is an average price target of $327 for Nvidia's stock, representing a potential 42% increase from its current price of $230. This surge would further elevate the company's market capitalization, which already stands at a staggering $5.56 trillion, making it the world's largest publicly traded company by market cap.
Price targets vary, with Argus Research forecasting a decrease to $220, while Raymond James has set a high target of $515. However, the majority of analysts fall between $300 and $350. Out of 60 analysts, 57 recommend a buy or strong buy, with only two holding a hold recommendation and none suggesting a sell. Recently, J.P. Morgan analyst Harlan Sur increased his target from $280 to $320.
Nvidia's management anticipates third-quarter revenue to reach $108 billion and projects full-year revenue growth of 70%, exceeding the consensus analyst projection of 44%. Data center revenue alone increased 117% year-over-year to $89 million in the second quarter, signaling strong demand for AI infrastructure.