While Nvidia (NASDAQ: NVDA) stock has experienced increased volatility, a section of Wall Street remains bullish on the equity, projecting an upside of over 50% in the next 12 months.
The stock had recorded a sharp sell-off amid escalating tensions between China and the United States as the trade war between the two economic giants intensified.
Notably, Nvidia received a reprieve late Friday when it emerged that the United States exempted industries like computers, smartphones, semiconductors, and other electronics from reciprocal tariffs. Some tariffs have reached as high as 145% on Chinese imports, a key link in Nvidia’s supply chain.
At the close of the April 11 session, NVDA’s share price stood at $110, up over 3%. However, year-to-date, the semiconductor giant remains in the red, down nearly 20%.
Looking ahead, Wall Street analysts over at TipRanks see NVDA trading at $174 in the next 12 months, an upside of 56% from its current value.
Among the 41 analysts, 37 recommend buying the artificial intelligence (AI) stock, four suggest holding it, and none advocate selling. The average rating is a ‘Strong Buy.’ The highest price target is $220, with the lowest at $120.
Analysts take on Nvidia stock price
Among these analysts, on April 11, Citi’s Atif Malik lowered Nvidia’s price target from $163 to $150, citing a projected slowdown in GPU sales driven by expected spending cuts from hyperscalers, which is reportedly reducing data center investments. Despite trimming GPU sales forecasts by 3% for 2025 and 5% for 2026, Citi maintained a ‘Buy’ rating. Malik also warned that trade tensions and potential tariffs could moderately impact Nvidia’s margins and stall enterprise investments, though he noted the company may benefit from a USMCA exemption.
On the same date, UBS reaffirmed its $185 price target on Nvidia, maintaining a ‘Buy’ rating. The firm highlighted strong Taiwan export data in ADP (+20.6% M/M) and a 10% M/M jump in TSMC’s March sales as key catalysts, suggesting strong support for Nvidia’s data center trends. UBS forecasts an 18% quarter-over-quarter data center revenue growth driven by sustained AI infrastructure demand. However, the bank cautioned that recent export strength may reflect tariff pull-ins rather than genuine demand and that the predictive power of these indicators has weakened in recent quarters.
Similarly, on April 10, TD Cowen lowered its price target on Nvidia from $175 to $140 while maintaining a ‘Buy’ rating. Analyst Joshua Buchalter emphasized the importance of Nvidia’s Blackwell platform, which is expected to drive revenue growth in the April and July quarters despite deployment complexities. While the target was cut, Buchalter reaffirmed Nvidia as TD Cowen’s top pick in the compute sector, citing its strong technological leadership and long-term outlook.
Finally, on April 8, KeyBanc Capital Markets reaffirmed its ‘Overweight’ rating on the AI stock with a $190 price target. The firm cited yield issues with Nvidia’s GB200 NVL rack as a reason for weaker-than-expected Q1 shipments, along with possible testing delays that could push back the launch of Blackwell Ultra. Still, the analyst remains bullish on near-term revenue expectations, pointing to favorable recognition dynamics through Nvidia’s EMS channel.
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