As earnings season kicks off, all eyes are on Nvidia stock (NVDA), one of the biggest winners of the AI boom. After a massive run of over 100% in the past year, expectations are high, making the next 12 months especially important for the stock. Looking ahead, Wall Street analysts remain largely bullish, supported by strong demand for AI chips, continued data center growth, and expanding use cases across industries. At the same time, concerns around valuation and rising competition are starting to come into focus. The average 12-month Nvidia price target of $273.57 per share implies 35.64% upside potential.
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New trading tool for NVDA bearsWhat’s Next for Nvidia?
Looking ahead, Nvidia will announce its Q1 FY27 results on May 27. Analysts expect the company to post earnings of $1.74 per share, up from $0.81 a year ago. Meanwhile, revenue is expected to be around $78.62 billion, marking a growth of over 75% year-over-year.
Analysts’ Views on NVDA Stock
Wall Street’s confidence in NVDA is strong, with 41 out of 43 analysts rating the stock a Buy. Most recently, Bernstein’s five-star-rated analyst David Dai maintained a Buy rating on NVDA with a $300 price target. He highlighted the upcoming Vera Rubin platform, expected to launch in the second half of 2026, calling it a powerful upgrade with much higher performance than current chips. Dai also noted that Nvidia’s valuation still looks attractive, with the stock not fully reflecting its strong earnings growth.
While some investors worry that the AI boom may slow down, Dai sees no signs of that. He said demand remains strong, with orders already stretching into 2027, supported by major cloud companies.
Meanwhile, New Street Research’s top-rated analyst Pierre Ferragu also remains very bullish on Nvidia. He believes the stock is undervalued and could potentially double over the next year. Ferragu pointed to Nvidia’s capital return plan, which aims to use about 50% of its free cash flow for stock buybacks and dividends. This could directly benefit shareholders and support the stock price.
He also said Nvidia has the potential to become a “double,” driven by rising earnings estimates and a still reasonable valuation, along with strong buyback support.
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.
