While Nvidia’s (NASDAQ: NVDA) period of stock market decline and stagnation between October 2025 and April 2026 failed to erase Wall Street bullishness, the semiconductor giant’s latest resurgence gave a second wind for institutional bulls.
The latest examples of optimism regarding the blue-chip chipmaker’s performance through the rest of the ongoing year and at the beginning of 2027 arrived on May 13 in the form of rating revisions issued by Bank of America (NYSE: BAC) and Oppenheimer.
Specifically, BofA’s Vivek Arya kept the previous ‘buy’ recommendation but raised his 12-month price target for Nvidia stock from $300 to $320.
If NVDA shares meet the expectation, they will have rallied 38.62% by May 2027 and ensured the blue-chip chipmaker’s market capitalization has risen above $7.5 trillion.
Simultaneously, the Wall Street analyst revealed that his bank decided to raise its 2030 AI data center systems total addressable market outlook from the previous $1.4 trillion to $1.7 trillion, helping to justify the expected surge in Nvidia’s valuation.
Oppenheimer’s Rick Schafer was somewhat less optimistic despite the ‘Buy’ rating as he forecasted a 14.8% rally to $265 for a May 2027 market capitalization of nearly $6.3 trillion.
Nvidia soars above $5.4 trillion in May
The most recent rating revisions are not only in line with the Wall Street average – Nvidia stock boasts an overall ‘Strong Buy’ rating and $277.23 price target – but also come at the back of an especially decisive rally.
Indeed, NVDA shares are 23.77% in the green year-to-date, with the last 30 days seeing a 17.47% rally.
Perhaps more notably, after failing to retain a market capitalization above $5 trillion in late 2025, Nvidia’s press time price of $230.84 has sent the company to a valuation of nearly $5.5 trillion, enlarging the gap between itself and the world’s second-largest firm at $4.8 trillion: Alphabet (NASDAQ: GOOGL).
Featured image via Shutterstock
