Wall Street analyst updates Nvidia stock price target

American semiconductor entity Nvidia (NASDAQ; NVDA) has received a bullish rating from Wall Street in the wake of the company reporting blockbuster earnings.

In this case, Wedbush analyst Matt Bryson reiterated his ‘Outperform’ rating on Nvidia and raised his price target to $300 from $230. The new price target implies a possible 70% increase from NVDA’s press-time value of $178.

The increase is backed by the firm’s view that recent operating trends and forward guidance materially strengthen the company’s near- and long-term earnings trajectory. 

Bryson’s updated call follows Nvidia’s fiscal fourth-quarter performance, which showed notable acceleration in data center sales on both a quarter-over-quarter and year-over-year basis.

Wedbush highlighted that this acceleration is particularly significant given Nvidia’s already large revenue base, suggesting sustained enterprise and hyperscale investment in artificial intelligence infrastructure.

In addition to the strong quarterly performance, the analyst emphasized Nvidia’s fiscal first-quarter 2027 revenue guidance of $78 billion as a standout development. 

Wedbush believes the guidance came in well above prior buy-side expectations, reinforcing the view that AI-driven demand remains robust across cloud, enterprise, and broader data center markets.

The firm also indicated that management may have incorporated a degree of conservatism into its outlook, potentially leaving room for upside when the company ultimately reports results for the period. 

This perceived cushion, combined with ongoing momentum in AI-related capital expenditures, supports Wedbush’s constructive stance.

Overall, Bryson sees Nvidia as well positioned to benefit from continued spending on advanced computing and AI infrastructure. 

With accelerating data center growth and stronger-than-anticipated forward guidance, Wedbush argues that the stock maintains meaningful upside potential.

Wall Street bullish on NVDA share price

Overall, Wall Street remains overwhelmingly bullish on Nvidia stock, with 40 analysts tracked by TipRanks assigning the chipmaker a consensus ‘Strong Buy’ rating. Among the analysts, 38 recommend buying NVDA shares, one suggests holding, and one rates it a sell.

The consensus view points to continued confidence in Nvidia’s growth trajectory, driven largely by its dominance in artificial intelligence chips and data center technology.

For the next 12 months, analysts have set an average price target of $271, implying potential upside of 52%. The highest price target stands at $352, while the lowest forecast comes in at $220.

The projections suggest that even the most conservative target still points to gains from current levels, reinforcing the broader bullish sentiment surrounding the stock. 

Over the past year, Nvidia shares have experienced notable volatility but remain a focal point for investors seeking exposure to AI-driven growth.