Nvidia (NVDA) stock has risen 2.8% over the past week, 0.8% over the past month, and an impressive 44.3% over the past year. Wall Street’s analysts are strongly bullish, forecasting further upside over the next twelve months with a consensus price target of $266.23 versus the last closing price of $187.90.
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Trade NVDA with leverageThis implies notable potential gains ahead, supported by a StrongBuy consensus from covering analysts. With the stock moving mostly sideways since its last earnings despite strong fundamentals, many investors are watching closely for the next catalyst.
Top analyst Harlan Sur of J.P. Morgan reiterated his Buy rating on Nvidia on February 23, 2026, with a $250 price target, signaling meaningful upside from current levels. Sur sees Nvidia poised for another “beat-and-raise” quarter, driven by strong execution in its Blackwell Ultra product ramp and continued robust datacenter spending.
According to Sur, demand for Nvidia’s AI chips continues to far outstrip supply, with cloud providers still growth-constrained by limited AI compute capacity. He highlights rising cloud GPU pricing, growing shipments of Blackwell and Blackwell Ultra racks, and a healthy tail of demand for older Hopper products as key supports for revenue above current Street estimates.
Sur also points to a massive AI backlog that could extend into 2027 and at least 10% upside to current long-term revenue expectations. This N-star analyst ranks 35 out of 12,061 on TipRanks, with a 69.25% success rate and an average return of 31.70% per rating, adding weight to his bullish stance on Nvidia’s stock. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.