With the February 25 earnings report approaching, Wall Street experts made themselves busy with updating – or, more often, reiterating – their 12-month outlook for Nvidia (NASDAQ: NVDA) stock.
Specifically, as many as seven institutional analysts issued new NVDA share ratings and price targets on Monday, February 23, per the data Finbold retrieved from TipRanks on Tuesday.
While all updates were bullish and featured ‘Buy’ ratings, KeyBanc’s John Vinh and Bank of America’s (NYSE: BAC) Vivek Arya proved the most optimistic as they set their 12-month Nvidia stock price targets at $275.
Perhaps the biggest surprise of the day came in the form of Dan Ives – a Wedbush analyst known for his strong confidence in big tech – giving February 23’s lowest NVDA equity forecast, as he set his sights at $230.
Lastly, JPMorgan (NYSE: JPM), D.A. Davidson, and Aletheia Capital all took the middle road and forecasted the blue-chip chipmaker will rally to $250 in the coming 12 months.
Considering Nvidia stock is, following a 1.83% rise in the last 30 days, trading at $189.88 at press time on February 24, Wall Street appears to be expecting upsides ranging from 21.13% to 44.83%.
Analyst warns Nvidia stock no longer an AI superstar, still undervalued
Elsewhere, along with Ives’ modest target being interesting, D.A. Davidson’s Gil Luria voiced a surprisingly mixed opinion despite the ‘Buy’ rating.
Indeed, the Wall Street expert explained that NVDA is ‘not a bellwether anymore’ and that the market might have picked new favorites in the artificial intelligence (AI) boom.
The analyst explicitly named Google (NASDAQ: GOOGL), Broadcom (NASDAQ: AVGO), and ‘memory chips and optical companies’ as these new likely favorites.
Nonetheless, Gil Luria backed his $250 price target by estimating investors have yet to price in the peak in AI demand in 2026.
Wall Street sets Nvidia stock 12-month price target
Simultaneously, the February 23 updates only solidified Wall Street’s overwhelming optimism regarding Nvidia stock. Overall, the semiconductor giant is considered a ‘Strong Buy’ with only one analyst rating it as ‘Sell’ in the last three months and none estimating it is a ‘Hold.’
Similarly, the average price target at press time on February 24 stands at a high $267.14.
Still, through institutional confidence and Nvidia’s continued dominant position in its industry, investors would be wise to remain vigilant ahead of the earnings. Despite an overall trend for beating expert forecasts, NVDA shares declined following three out of the four quarterly reports.
Judging by the market’s reaction to Microsoft (NASDAQ: MSFT) revealing its substantial dependence on the future of OpenAI, Nvidia stock might face strong headwinds following its own filing if the situation remained unchanged from the second half of 2025.
Specifically, August reports indicated that the chipmaker’s top three clients are responsible for about half of the company’s volume, and such a customer concentration could present an extremely uncomfortable systemic risk in the early 2026 climate of AI weariness.
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