Nvidia’s Stock Surge and Analyst Upgrades
Nvidia’s stock (NASDAQ: NVDA) has skyrocketed by 1,420% since the rise of artificial intelligence (AI) in early 2023, yet the company has also faced notable volatility, with multiple 10% dips and a drastic 37% drop. This trend has prompted analysts to reassess their projections ahead of Nvidia’s fiscal Q1 2027 earnings report, scheduled for after the market closes on Wednesday.
Following recent upgrades, Morgan Stanley increased its price target for Nvidia to $285, suggesting a potential upside of 26% from last Friday’s closing price. KeyBanc raised its target to $300, reflecting a potential upside of 33%. Analysts forecast Nvidia will report revenues of $79.17 billion this fiscal year, representing 80% year-over-year growth. Additionally, CEO Jensen Huang has expressed high confidence that Nvidia will surpass $1 trillion in sales from its Blackwell and Rubin products by the end of 2027.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
