Nvidia (NASDAQ: NVDA) stock is popping this week, lifted by a wave of bullish developments which has seen a host of Wall Street analysts update their nvda stock price targets.
The market is highly optimistic surrounding President Donald Trump’s talk with China’s Xi Jinping about Nvidia’s flagship Blackwell AI chip scheduled for tomorrow.
As a result, Nvidia shares broke past $200 for the first time in history, closing nearly 5% in the green on Tuesday, October 28, and gaining another 3.2% in pre-market on Wednesday, October 29, when it traded at $207.21 at the time of writing.
The chipmaker has benefitted from announcing a new partnership with Palantir to improve operational artificial intelligence (AI), as well as CEO Jensen Huang reporting $500 billion in AI chip bookings while revealing that seven supercomputers were in the works for the U.S. government.
Wall Street bullish on Nvidia
Amid all the developments, a number of Wall Street analysts updated their outlook on Nvidia on Wednesday morning.
DA Davidson boosted its target from $210 to $250 and reiterated a “Buy” rating after Nvidia’s GTC conference. Analyst Gil Luria noted that the company not only dominates in the AI space but also seeks to expand into new verticals like quantum computing and telecom.
Evercore ISI also adjusted the price target to $261 from $225, maintaining an “Outperform” ranking. In his research note, analyst Stacy Rasgon confirmed his positive recommendation. Bernstein is also keeping its “Buy” rating, although the target price remains unchanged at $225.
Earlier this week, Bank of America (BofA) also lifted its price target from $235 to $275 and maintained a “Buy” after, citing stronger visibility through 2026 and a growing multi-year pipeline that enhances new market leverage.
Cantor Fitzgerald doubled down on its “Overweight” rating with a $300 price target, arguing that the current Wall Street estimates are too low. At the same time, the firm stressed Nvidia’s new AI and Department of Energy partnerships and the company’s more than $500 billion in booked business through 2026, adding that the stock is too undervalued to ignore with 21x 2026 earnings per share (EPS) of $9–$10.
Wells Fargo, Oppenheimer, Barclays, and William Blair have likewise all reiterated their “Buy” ratings this week.
NVDA stock price target
The average 12-month analyst price target for Nvidia currently stands at $225, implying an additional 11.92% upside from the current levels, according to data on the stock forecast platform TipRanks.
All in all, with 35 “Buys,” one “Sell,” and one “Hold” out of 37 overall ratings, the Wall Street consensus on Nvidia is overwhelmingly “Buy.” While much will depend on the upcoming U.S.-China talks, record bookings, deep institutional backing, and new partnerships have been enough to further reinforce Wall Street’s conviction that Nvidia appears stronger than ever.
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