Nvidia (NVDA) stock could reach $300 if AI infrastructure demand stays strong, and recent five-star analyst comments from Mizuho Securities and Wedbush both support that possibility. In fact, Mizuho, led by analyst Vijay Rakesh, recently raised its price target on the chipmaker from $275 to $300 while maintaining a Buy rating due to strong demand for Blackwell chips. Meanwhile, Wedbush’s Dan Ives raised his target from $300 to $330 and kept a Buy rating after Nvidia’s latest earnings report. This means that Wall Street still sees Nvidia’s AI growth story as intact, even after the stock’s massive run.
Meet Samuel – Your Personal Investing Prophet
High conviction NVDA bears now have this Tradr ETFUnsurprisingly, Wedbush’s bullish case is based on Nvidia’s strong first quarter and better-than-expected guidance. The firm noted that Nvidia’s revenue and earnings per share both beat consensus estimates, while management guided for $91 billion in Q2 sales, which Wedbush said came in ahead of buy-side expectations and well above prior sell-side forecasts. The firm also believes that Nvidia may have left a few billion dollars of cushion in that guidance, which could set it up for another beat later.
On top of that, gross margins are holding near 75%, while CEO Jensen Huang expects nearly $20 billion in CPU sales this year. As a result, Wedbush’s $330 target suggests that $300 may not be the ceiling if demand stays supply-constrained. Nevertheless, the key things to watch are Blackwell shipments, Vera Rubin demand, CPU sales, margins, and whether hyperscalers keep spending aggressively on AI infrastructure. Therefore, although Nvidia still has a path to $300, it likely needs to continue proving that AI compute demand is not slowing down.
What Is a Good Price for NVDA?
Overall, analysts have a Strong Buy consensus rating on Nvidia stock based on 39 Buys, one Hold, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average Nvidia price target of $304.32 per share implies 41.3% upside potential.
