Wednesday, November 11 brought the starkest Nvidia (NASDAQ: NVDA) stock price downgrade since the CEO Jensen Huang cheating scandal broke out.
Specifically, Baird analyst Tristan Gerra downgraded his rating of the blue-chip chipmaker from ‘Outperform’ – ‘Buy’ – to ‘Neutral’ – ‘Hold’. Additionally, the Wall Street expert slashed his Nvidia stock price target for the next 12 months by a massive 60% from $500 to $200.
Still, even the downgrade estimates that NVDA shares will rally from the latest closing price of $168.80, albeit by a relatively limited 18.48% instead of the previously predicted 196.21%.
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Notably, the Jensen Huang scandal and the ‘Chinese spy honeytrap’ allegations played only a limited role in the decision to slash the Nvidia stock price target. Baird also focused heavily on the expected data center turmoil in 2027 amidst likely supply constraints, delays, reduced visibility, and maybe even diminishing demand.
Wall Street sets Nvidia (NVDA) stock price target for 2027
Meanwhile, despite NVDA wiping out well over $1.5 trillion in the month leading to the November 10 close, analyst Tristan Gerra remains an outlier on Wall Street.
Indeed, Nvidia stock is still overall regarded as a ‘Strong Buy’ with thirty-three positive, two ‘Neutral’ and no ‘Sell’ recommendations, per the data Finbold retrieved from TipRanks on Wednesday, November 11.
The average 12-month NVDA share price target also remains rather high and assumes the equity will soar 88.19% to $317.83 by the final quarter of 2027.
Finally, the Wall Street analyst notes published in the wake of the Jensen Huang cheating scandal and the mounting concerns about suspicious dealings with Chinese companies appear to be a strong vote of confidence.
Seven of the nine revisions made since Monday rate Nvidia stock as a ‘Buy’. Additionally, once Baird’s forecast is excluded, the lowest recent price target stands at $285 – a Citi (NYSE: C) downgrade from $315 revealed on Monday – which reveals an assumption that NVDA can rally 68.84%.
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Bernstein’s Stacy Rasgon, for his part, predicted a 136.97% rally to $400 on Monday, November 9 – the largest estimated upside published this week.
Featured image via Shutterstock
