Nvidia (NASDAQ: NVDA) has once again beaten quarterly expectations, this time with additional stock news, including a 2,400% dividend hike announced on May 20.
Unsurprisingly, a number of Wall Street firms have already issued new notes on the chipmaker, all of them bullish so far.
Most notably, Jefferies raised its Nvidia stock price target from $275 to $300 while maintaining a ‘Buy’ rating, arguing the company is well positioned to capitalize on surging artificial intelligence (AI) demand.
Specifically, the firm believes Nvidia could generate roughly $20 billion in Central Processing Unit (CPU) and server revenue in fiscal 2027.
Analysts noted the forecast likely extends beyond Vera CPUs, encompassing full rack systems with memory. This, they argued, could potentially increase revenue content per CPU by five to ten times.
Next quarter will likely be positive for Nvidia too, analysts say
Jefferies also highlighted strong momentum in Nvidia’s hyperscale business, which grew 191% year-over-year, adjusting for $4.6 billion in China revenue in Q1 2025.
While the ACIE segment is expected to expand faster over the long term, the firm believes hyperscale revenue will outpace it in the near term as Rubin products begin ramping in the next quarter.
For similar reasons, KeyBanc raised its Nvidia share price target from $300 to $310, with an ‘Overweight’ rating. Namely, the firm pointed to Nvidia’s solid first-quarter results for the April period and upbeat guidance for the July quarter, both of which came in ahead of expectations.
For instance, data center revenue growth has accelerated to more than 90% year-over-year, while Nvidia’s revenue has climbed 65% over the past twelve months.
Meanwhile, the Vera Rubin platform remains on schedule for a second-half 2026 rollout, with production expected to ramp beginning in the third quarter. Against this backdrop, the analysts added that Nvidia is forecasting roughly $20 billion in revenue this fiscal year from its Grace and Vera CPU products.
Barclays bullish on Nvidia CPUs
Barclays maintained its ‘Overweight’ rating and assigned a $275 price target on Nvidia following the company’s latest quarterly earnings report.
Like Jefferies, Barclays said investors may focus on several areas following the report, including Nvidia’s projected $20 billion CPU revenue opportunity.
Other key drivers highlighted by the analyst included LPU products, business segment reorganization, and custom silicon solutions.
However, Barclays noted that Rubin shipments could face delays toward the end of the year, although Nvidia has reiterated that its rollout timeline remains unchanged.
Nvidia stock price target
At the time of writing, the average Nvidia price target for the next 12-month period is just above $286, which suggests the stock has enough room for an additional 28% rally, according to TipRanks figures.
As the same data suggests, analysts currently see Nvidia as a ‘Strong Buy,’ as the chipmaker has received 40 ‘Buy’ recommendations in the past three months. In the same period, only one analyst has recommended selling, and only one has suggested holding the stock.
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