Piper Sandler is standing by its bullish view on Nvidia (NVDA), reiterating the stock as its top pick in the data center space for 2026. Piper’s top-rated analyst, Harsh Kumar, points to Nvidia’s continued leadership in AI infrastructure, strong demand for its data center products, and long-term growth visibility as key reasons for his confidence. Kumar’s price target of $225 on NVDA implies an upside of over 21%.
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Kumar is a five-star analyst on TipRanks, ranking #9 out of more than 10,000 analysts tracked. He has a 72% success rate and an average return per rating of 35%.
Piper Sandler Stays Bullish on Nvidia
Kumar said his positive view is driven by Nvidia’s continued technology lead, expanding partnerships, and strong software platform. These advantages helped the company deliver 65.22% revenue growth over the past year, strengthening its position in the chip industry.
He also pointed to Nvidia’s valuation, noting the stock trades at about 24.5 times expected earnings over the next 12 months, which he sees as reasonable and supportive of his bullish outlook.
Additionally, Kumar is especially optimistic about Nvidia’s upcoming Vera Rubin rack. He expects Vera Rubin to deliver strong performance gains and begin contributing to revenue in the second half of 2026.
For context, Nvidia offered a clearer view of its Vera Rubin computing platform for AI data centers at CES 2026. Unlike a single chip, Vera Rubin is a full AI system made up of six chips that operate together as one powerful computer, marking Nvidia’s most advanced platform to date and reflecting strong demand from major customers. The company said Vera Rubin is already in production, with the first systems expected to ship in the second half of 2026.
Is NVDA a Good Stock to Buy Now?
According to TipRanks, NVDA stock has a Strong Buy consensus rating based on 39 Buys, one Hold, and one Sell assigned in the last three months. At $264.14, Nvidia’s average share price target implies a 43% upside potential.
