The first analyst price targets published in 2026 suggest confidence in Nvidia (NASDAQ: NVDA) stock remains unwavering, with Bank of America analyst Vivek Arya raising his 12-month price target to $275, citing sustained AI demand and Nvidia’s central role in the sector.
The analyst NVDA forecast made on January 6 was particularly encouraged by the recent comments made by the semiconductor giant’s CEO, Jensen Huang, which described the demand for AI-powering chips as ‘very high’ and announced the new Vera Rubin platform for 2026.
Should Arya’s prediction prove accurate, Nvidia shares will be trading 45.43% higher at the start of 2027 than their press time price of $189.09.
Wall Street overwhelmingly bullish about 2026 Nvidia stock price
Data analyzed on January 6 by Finbold and retrieved from the stock analysis platform TipRanks demonstrates a bullish consensus for Nvidia stock. For example, Sebastien Naji of William Blair estimated NVDA shares are likely to rally 29.57% during 2026 to $245.
Melius Research’s Ben Reitzes was even more optimistic on January 5 when he increased his price target from $320 to $350, a full 85% above the press time price of $189.09.
As could be expected given the forecasts, all three revisions issued thus far in 2026 recommend investing in Nvidia.
Zooming out, it is also evident that Wall Street is decisively bullish about the semiconductor giant. Indeed, out of the 41 ratings issued in the last three months, 39 mark NVDA as a ‘Buy,’ while only one each is either ‘Hold’ or recommends ‘Sell.’
Likewise, the average Nvidia stock price target stands at $263.62, meaning the average forecasted upside amounts to 40.13%.
Is Nvidia stock a buy in 2026?
Examining Nvidia’s past stock market performance and recent developments reveals that the optimism is well-founded. For example, the semiconductor giant reached a widely-welcomed agreement with an AI chipmaker called Groq, valued at up to $20 billion.
Additionally, and as highlighted by Arya, Nvidia is set to release a new and advanced Rubin chip series later in 2026, thus driving further growth expectations.
Lastly, despite the prevailing optimism, it is worth noting that NVDA shares already rejected highs above $200 in early November 2025, with growing competition from Western and Chinese companies potentially limiting future dominance.
After scaling down on more gamer-focused hardware, Nvidia’s continued success is growing increasingly linked to the continuation of the AI boom.
Though analysts and executives remain confident, late 2025 brought widespread anxiety about the boom potentially turning into a bubble and, ultimately, about it bursting.
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