Despite the recent volatility and a failure to – by press time – remain at the record valuation it set above $5.7 trillion, Nvidia (NASDAQ: NVDA) stock retains strong institutional backing, with June alone already bringing more than a dozen new bullish ratings.
Indeed, the month has, so far, featured neither ‘Hold’ nor ‘Sell’ recommendations despite the number of notes issued. Furthermore, there appears to be an almost universal view that, in the coming 12 months, NVDA stock will rally more than 20% and that Nvidia will cross above a $6 trillion market capitalization.
Some of the most recent rating revisions have, simultaneously, been the most optimistic.
On June 5, analysts from China Renaissance initiated coverage of the blue-chip chipmaker with a ‘Buy’ recommendation and a $319 price target, and one day earlier, Bank of America’s (NYSE: BAC) Vivek Arya set his forecast at $350 – 62.44% above the press time price of $215.46.
Meanwhile, the lowest price target of June was set at $ 270 – for a 25.31% rally – by Needham’s Quinn Bolton.
Lastly, perhaps the most interesting note of the first week of the month came from Aaron Rakers, a Wells Fargo (NYSE: WFC) analyst, who estimated Nvidia stock as a buy, but lowered the 12-month forecast from $375 to $315.
2026 Nvidia stock price chart
Elsewhere, while NVDA shares have been enjoying an overall strong rise in 2026 and are 15.53% up in the year-to-date (YTD) chart, the company has noticeably slowed down relative to its previous performance.
Indeed, between late 2022 and late 2025, Nvidia stock soared a staggering 1,200% from roughly $15 to approximately $190, but has been underperforming its peers since.
For example, Intel (NASDAQ: INTC) is up 184% in 2026, and Advanced Micro Devices (NASDAQ: AMD) soared 134% YTD.
Nonetheless, as seen with the latest Wall Street analyst ratings, confidence remains high with the expected success of the Vera Rubin chips later this year, and the artificial intelligence (AI) server CPU opportunity the company previously identified.
Featured image via Shutterstock
