Three top Wall Street analysts stay bullish on Nvidia stock. Here’s why

Chip big Nvidia (NVDA) is taken into account to be one of many key beneficiaries of the bogus intelligence growth, due to strong demand for its superior graphics processing items (GPUs).

The inventory has been underneath stress not too long ago because of considerations about valuations of AI performs and rising competitors within the AI chip house from rivals like Broadcom (AVGO), Superior Micro Units (AMD) and Alphabet-owned Google’s tensor processing items (TPUs). Nvidia can be dealing with uncertainty associated to chip exports to China amid geopolitical tensions between Washington and Beijing.

Regardless of ongoing pressures, a number of prime analysts stay bullish on Nvidia for a number of causes, together with its strong monitor file, sturdy execution, continued innovation and dominant place within the AI GPU market. TipRanks’ AI Analyst additionally has an “outperform” ranking on NVDA inventory with a worth goal of $205.

Let us take a look at the views of three such Wall Road execs who’re bullish on Nvidia’s progress potential.

Following a digital assembly with Nvidia’s vp of investor relations, Toshiya Hari, Financial institution of America analyst Vivek Arya reiterated a purchase ranking on NVDA inventory with a worth forecast of $275, saying that he continues to view it as a prime decide.

Among the many key takeaways, Arya talked about that whereas Nvidia agrees that Gemini 3 is a prime giant language mannequin (LLM) that’s skilled on Google’s in-house TPU, the corporate contends that it’s too early to declare a transparent winner. Particularly, the corporate emphasised that the prevailing GPU-based LLMs obtainable had been all skilled on outdated Hopper (2022) structure and can’t be in contrast with the upcoming LLMs which can be skilled on NVDA’s Blackwell (2024) GPUs.

Arya highlighted that administration is assured in regards to the anticipated launch of the Blackwell-backed LLMs in early 2026, which might show that “they’re no less than a full technology forward of competitors.” In actual fact, exterior benchmarks like MLPerf and InferenceMAX view Blackwell because the clear chief in each coaching and inference, with Nvidia standing out when it comes to key metrics like tokens per watt and income per token.

The five-star analyst added that Nvidia continues to have demand and provide visibility into no less than $500 billion of income alternative for Blackwell, Rubin and networking for calendar years 2025 to 2026. Apparently, the latest offers with ChatGPT maker OpenAI and Anthropic/Microsoft are incremental to this $500 billion outlook (as they’re letter of intents) and signify potential upside.

General, the assembly bolstered Arya’s bullish thesis, with the analyst discovering NVDA inventory’s valuation engaging. Particularly, its price-to-earnings (P/E) multiples of 25x and 19x of 2026 and 2027 earnings, respectively, suggest solely a 0.5x PEG ratio. That is in comparison with the typical of 2x for the Magnificent Seven shares and progress opponents.

Arya ranks No. 270 amongst greater than 10,100 analysts tracked by TipRanks. His scores have been worthwhile 58% of the time, delivering a mean return of 17.7%. 

Bernstein analyst Stacy Rasgon can be upbeat about Nvidia’s prospects and has a purchase ranking on the semiconductor inventory with a worth goal of $275. In his newest observe to traders, the analyst mentioned some fascinating takeaways from his digital investor assembly with Stewart Stecker, senior director of investor relations at Nvidia.

Rasgon famous that the $500 billion outlook introduced in October for cumulative Blackwell, Rubin and networking gross sales for calendar years 2025 and 2026 will possible see an upside, because it would not embrace new offers reminiscent of that with Anthropic, the OpenAI 10 GW collaboration, and partnerships within the Center East.

On considerations about competitors from Google’s in-house chips, Rasgon famous that whereas Nvidia acknowledges the progress that Google has made in additional than 10 years, the corporate believes that it’s about two years forward of the search engine big’s TPU program.

Nvidia argues that, given the evolving AI market, it will likely be difficult for Google to influence cloud service suppliers to deploy TPUs as they’re meant for particular mannequin constructions. “However they imagine NVIDIA’s programmable platform options stay the most effective {hardware} for cloud AI infrastructure,” mentioned Rasgon.

Concerning President Donald Trump’s latest put up about permitting Nvidia to ship H200 AI chips to China, topic to a 25% lower that goes to the U.S., Rasgon famous that Nvidia continues to be ready to safe licenses to ship H200s, after which it intends to look into demand requests and begin manufacturing. Furthermore, Nvidia has not but obtained any particulars in regards to the 25% income sharing with the U.S. authorities and is presently unclear about how this payment will likely be accounted for.

Rasgon ranks No. 144 amongst greater than 10,100 analysts tracked by TipRanks. His scores have been profitable 67% of the time, delivering a mean return of 27.3%. 

In a analysis observe on the 2026 outlook for semiconductors, Jefferies analyst Blayne Curtis reaffirmed a purchase ranking on Nvidia inventory with a worth goal of $250. Curtis known as Broadcom (AVGO) as the highest decide, citing ASIC (application-specific built-in circuits) inflection and the best stage of estimate revisions anticipated for the corporate within the semiconductor group. That mentioned, he stays bullish on Nvidia.

“We’ve not given up on NVDA given the expertise moat and valuation at 18x the $10 EPS bogey,” mentioned Curtis.

The five-star analyst contends that ASIC adoption continues to be in its early phases, giving Nvidia loads of room to develop amid strong spending. He thinks that ongoing worries about NVDA are overstated, provided that Blackwell Extremely rollout is on monitor and Rubin is about to ramp within the second half of 2026.

Moreover, Curtis famous Nvidia’s dominance within the AI chip house and expects the corporate’s Vera-Rubin and NVLink 6 launches within the second half of 2026 to bolster its place. He expects Blackwell-backed LLMs to be launched within the first half of 2026 and act as a possible catalyst for NVDA inventory.

Curtis additionally expects Nvidia’s launch of its new CPX chip within the second half of 2026 to learn from increased capital spending by hyperscalers and rising give attention to inference. The analyst presently expects CPX to generate income of $13 billion in calendar yr 2027. Based mostly on all these positives, Curtis raised his 2026 and 2027 earnings per share (EPS) estimates for Nvidia to $7.82 and $9.50 from $6.83 and $9.03, respectively.

Curtis ranks No. 58 amongst greater than 10,100 analysts tracked by TipRanks. His scores have been worthwhile 64% of the time, delivering a mean return of 27.8%.