Nvidia’s Next Growth Wave May Be Just Beginning: We See a 28% Upside

Our NVIDIA (NASDAQ:NVDA) telephone comes astatine a infinitesimal erstwhile the banal has cooled disconnected but the underlying concern is inactive accelerating. The 24/7 Wall St. terms people for NVIDIA is $250.31 implicit the adjacent 12 months, implying 28.47% upside from the $194.83 adjacent connected July 2, 2026. Our proposal is bargain with a assurance level we qualify arsenic precocious astatine 90%.

24/7 Wall St. Price Target Summary

A Pullback Into Blowout Fundamentals

NVIDIA shares fell 12.46% implicit the past period and present commercialized astir 28% beneath the 52-week precocious of $236.26, adjacent arsenic year-to-date show stays affirmative astatine 4.59% and the one-year instrumentality sits astatine 24.06%.

That derating happened contempt Q1 FY2027 results (filed May 20, 2026) that bushed connected some lines: gross of $81.615 cardinal grew 85.23% YoY, and non-GAAP EPS of $1.87 topped estimates by 5.42%. Data Center gross reached $75.246 billion, up 92% YoY, with networking exploding 199%.

Recent quality reinforces the request backdrop: Foxconn reported a 40% quarterly income summation connected AI server strength, and Microsoft made Anthropic's Claude mostly disposable successful Azure Foundry connected GB300 Blackwell Ultra GPUs.

The Case for $260 and Higher

The bull script successful our exemplary targets $260.05, astir 33.48% supra spot. The Street is much aggressive: statement expert people sits astatine $301.62 with 10 Strong Buy and 48 Buy ratings against conscionable 2 Holds and 1 Sell.

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Q2 FY2027 guidance calls for gross of $91 cardinal with 75% non-GAAP gross margin, and Jensen Huang described the Blackwell and Vera Rubin ramp arsenic "the largest infrastructure enlargement successful quality history".

Major commitments from OpenAI (10GW), Anthropic (1GW), CoreWeave, and sovereign programs successful the UK, Germany, and South Korea adhd visibility. On 22x guardant earnings, the aggregate compresses accelerated if 2027 estimates support drifting higher.