Nvidia (NVDA) stock has risen 53.5% over the past year, even as it slipped 1.5% in the last week and 2.5% over the past month. Wall Street’s analysts are strongly bullish, forecasting meaningful upside over the next twelve months, with a consensus 12‑month price target of $274.16 versus a last close of $180.40.
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Forget margin or options. Here's how the pros trade NVDAAnalyst Harlan Sur of J.P. Morgan reiterated a Buy rating on Nvidia on March 18, 2026, setting a $265 price target that implies sizable upside from current levels. Sur is a highly ranked voice on Wall Street, standing at #33 out of 12,068 analysts on TipRanks, with a success rate of about 67% and an impressive 31% average return per rating.
Sur’s bullish stance is built on Nvidia’s latest GTC 2026 announcements, where management doubled its high‑confidence demand visibility to more than $1 trillion in purchase orders for Blackwell and Vera Rubin systems through 2027. This demand, driven by hyperscalers, AI cloud players, sovereign AI projects, and industrial and enterprise customers, suggests $50–70 billion of upside versus current Street data center revenue forecasts for 2026–2027.
A key point from the report is that Nvidia is no longer just about AI training and inference; it is pushing hard into accelerating traditional enterprise workloads via CUDA‑X libraries like cuDF and cuVS. By partnering with IBM, Google Cloud, Dell, and others, Nvidia aims to expand its total addressable market across the broader enterprise IT stack, which Sur views as a powerful, underappreciated growth engine beyond the current AI spending cycle.
The analyst also highlights Nvidia’s rapidly evolving platform, including Groq LPU integration for ultra‑low‑latency inference, dual copper and co‑packaged optics scale‑up paths, and the emerging Vera CPU as a multi‑billion‑dollar revenue stream with major customers such as Meta, Alibaba, ByteDance, and Oracle Cloud Infrastructure. Sur argues that this vertically integrated, seven‑chip, five‑rack, software‑driven platform will be difficult for rivals to replicate and should support a more durable growth cycle than the market currently expects.
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