In late August and early September, Wall Street analysts issued a series of notes reaffirming their confidence that Nvidia (NASDAQ: NVDA) will enjoy a stock market acceleration relative to its 2026 performance over the next 12 months.
To begin with, Baird analyst Tristan Gerra highlighted the allegedly strong demand for Nvidia’s upcoming Grok 3 LPX and the latest $35 billion compute agreement between Anthropic and Lambda, which is backed by the semiconductor giant.
Given the setup, the Wall Street expert estimated on August 31 that the blue-chip chipmaker will retain its leadership, making NVDA shares a ‘Buy’ with a $500 price target.
Additionally, Phillip Securities’ Yik Ban Chong voiced his bullishness on the same day by not only providing a ‘Buy’ recommendation for Nvidia stock, but also by increasing the 12-month forecast from $285 – 29.09% above the latest close at $220.78 – to $300 – a 35.89% upside.
Lastly and most recently, Raimo Lenschow, an analyst from Barclays, published his own ‘Buy’ rating on September 1, though it was accompanied by this week’s lowest price target for the next 12 months: $275.
Wall Street sets Nvidia stock price for the next 12 months
Elsewhere, Nvidia has so far retained the universal optimism of Wall Street analysts as, among the thirty-one revisions published within the last three months, there are no ‘Neutral’ or ‘Sell’ recommendations, per the data Finbold retrieved from TipRanks on September 1.
The average price target also appears to estimate significant acceleration for NVDA stock in the next 12 months relative to the previous 52 weeks. Specifically, Nvidia rallied 29.28% in the previous year to its latest close at $220.78 but is expected to soar 48.31% to $327.45 by September 2027.
Why top Nvidia bullish catalysts could also drive NVDA stock lower
Meanwhile, it is worth noting that much of the latest optimism is driven by the exceptionally strong results unveiled in the latest quarterly report, the $500 billion memorandums of understanding (MoUs) for funding artificial intelligence (AI) infrastructure, as well as major recent acquisitions.
Still, these bullish catalysts also revealed potential risks or can themselves be interpreted as risks. The August filing also disclosed significant client concentration; the $500 billion MoU press release also featured a disclaimer that the program might come to naught; and the Hugging Face purchase can be seen as the semiconductor giant becoming a buyer of last resort for an unsellable company.
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