As Wall Street analysts forecast a strong bull rally for Nvidia Corp. (NASDAQ: NVDA) stock over the next 12 months, Atif Malik, an analyst at Citigroup Inc. (NYSE:C), maintained a bullish prediction for NVDA shares.
With Nvidia stock price signaling a potential breakout from its multi-week correction that began in mid-May 2026 as of July 9, Malik reiterated a ‘Buy’ rating, according to a note shared with clients on July 8. He further set a 12-month price target of $300, thus implying a possible 50.2% upside over the next 12 months.
Malik cites Nvidia’s roughly 75% gross margins and its continued dominance in training despite rising competition. He also maintained bullish sentiment due to Nvidia’s forward P/E of about 19x, a multiple he views as attractive given Nvidia stock’s continued growth trajectory through 2027.
Nvidia stock price prediction
On the same day, Joshua Buchalter, a Wall Street analyst from TD Cowen, reiterated a ‘Buy’ rating for Nvidia stock. He set a 12-month price target of $275 for the company.
Earlier this week, Vivek Arya, an analyst from Bank of America Corp. (NYSE: BAC), maintained a bullish position on Nvidia stock, as Finbold reported. As such, 37 analysts surveyed by TipRanks have set an average 12-month price target of $309.33 for Nvidia.
NVDA stock performance
Over the past 30 days, NVDA shares have signaled a potential reversal from the multi-week correction, signaling easing selling pressure. Furthermore, Nvidia stock price has oscillated around $200 over the past 30 days, trading at about $199.6 at press time.
If the company’s stock continues to rise over the coming days and consistently closes above $212, a bull rally bolstered by a strong buy rating from analysts could occur.
