Three top Wall Street analysts stay bullish on Nvidia stock. Here's why

Chip elephantine Nvidia (NVDA) is considered to beryllium 1 of the cardinal beneficiaries of the artificial quality boom, acknowledgment to robust request for its precocious graphics processing units (GPUs).

The banal has been nether unit precocious owed to concerns astir valuations of AI plays and increasing contention successful the AI spot abstraction from rivals similar Broadcom (AVGO), Advanced Micro Devices (AMD) and Alphabet-owned Google's tensor processing units (TPUs). Nvidia is besides facing uncertainty related to spot exports to China amid geopolitical tensions betwixt Washington and Beijing.

Despite ongoing pressures, respective top analysts stay bullish connected Nvidia for respective reasons, including its coagulated way record, beardown execution, continued innovation and ascendant presumption successful the AI GPU market. TipRanks' AI Analyst besides has an "outperform" standing connected NVDA banal with a terms people of $205.

Let's look astatine the views of 3 specified Wall Street pros who are bullish connected Nvidia's maturation potential.

Following a virtual gathering with Nvidia's vice president of capitalist relations, Toshiya Hari, Bank of America expert Vivek Arya reiterated a bargain standing connected NVDA banal with a price forecast of $275, saying that helium continues to presumption it arsenic a apical pick.

Among the cardinal takeaways, Arya mentioned that portion Nvidia agrees that Gemini 3 is simply a apical ample connection exemplary (LLM) that is trained connected Google's in-house TPU, the institution contends that it is excessively aboriginal to state a wide winner. Specifically, the institution emphasized that the existing GPU-based LLMs disposable were each trained connected aged Hopper (2022) architecture and cannot beryllium compared with the upcoming LLMs that are trained connected NVDA's Blackwell (2024) GPUs.

Arya highlighted that absorption is assured astir the expected motorboat of the Blackwell-backed LLMs successful aboriginal 2026, which would beryllium that "they are astatine slightest a afloat procreation up of competition." In fact, outer benchmarks similar MLPerf and InferenceMAX presumption Blackwell arsenic the wide person successful some grooming and inference, with Nvidia lasting retired successful presumption of cardinal metrics similar tokens per watt and gross per token.

The five-star expert added that Nvidia continues to person request and proviso visibility into astatine slightest $500 cardinal of gross accidental for Blackwell, Rubin and networking for calendar years 2025 to 2026. Interestingly, the caller deals with ChatGPT shaper OpenAI and Anthropic/Microsoft are incremental to this $500 cardinal outlook (as they are missive of intents) and correspond imaginable upside.

Overall, the gathering reinforced Arya's bullish thesis, with the expert uncovering NVDA stock's valuation attractive. Specifically, its price-to-earnings (P/E) multiples of 25x and 19x of 2026 and 2027 earnings, respectively, connote lone a 0.5x PEG ratio. That's compared to the mean of 2x for the Magnificent Seven stocks and maturation competitors.

Arya ranks No. 270 among much than 10,100 analysts tracked by TipRanks. His ratings person been profitable 58% of the time, delivering an mean instrumentality of 17.7%. 

Bernstein expert Stacy Rasgon is besides upbeat astir Nvidia's prospects and has a bargain standing connected the semiconductor banal with a terms people of $275. In his latest enactment to investors, the expert discussed immoderate absorbing takeaways from his virtual capitalist gathering with Stewart Stecker, elder manager of capitalist relations astatine Nvidia.

Rasgon noted that the $500 cardinal outlook announced successful October for cumulative Blackwell, Rubin and networking income for calendar years 2025 and 2026 volition apt spot an upside, arsenic it doesn't see caller deals specified arsenic that with Anthropic, the OpenAI 10 GW collaboration, and partnerships successful the Middle East.

On concerns astir contention from Google's in-house chips, Rasgon noted that portion Nvidia acknowledges the advancement that Google has made successful much than 10 years, the institution believes that it is astir 2 years up of the hunt motor giant's TPU program.

Nvidia argues that, fixed the evolving AI market, it volition beryllium challenging for Google to transportation unreality work providers to deploy TPUs arsenic they are meant for circumstantial exemplary structures. "But they judge NVIDIA's programmable level solutions stay the champion hardware for unreality AI infrastructure," said Rasgon.

Regarding President Donald Trump's caller station astir allowing Nvidia to vessel H200 AI chips to China, taxable to a 25% chopped that goes to the U.S., Rasgon noted that Nvidia is inactive waiting to unafraid licenses to vessel H200s, aft which it intends to look into request requests and commence manufacturing. Moreover, Nvidia has not yet obtained immoderate details astir the 25% gross sharing with the U.S. authorities and is presently unclear astir however this interest volition beryllium accounted for.

Rasgon ranks No. 144 among much than 10,100 analysts tracked by TipRanks. His ratings person been palmy 67% of the time, delivering an mean instrumentality of 27.3%. 

In a probe enactment connected the 2026 outlook for semiconductors, Jefferies expert Blayne Curtis reaffirmed a bargain standing connected Nvidia banal with a terms people of $250. Curtis called Broadcom (AVGO) arsenic the apical pick, citing ASIC (application-specific integrated circuits) inflection and the highest level of estimation revisions expected for the institution successful the semiconductor group. That said, helium remains bullish connected Nvidia.

"We haven't fixed up connected NVDA fixed the exertion moat and valuation astatine 18x the $10 EPS bogey," said Curtis.

The five-star expert contends that ASIC adoption is inactive successful its aboriginal phases, giving Nvidia plentifulness of country to turn amid robust spending. He thinks that ongoing worries astir NVDA are overstated, fixed that Blackwell Ultra rollout is connected way and Rubin is acceptable to ramp successful the 2nd fractional of 2026.

Furthermore, Curtis noted Nvidia's dominance successful the AI spot abstraction and expects the company's Vera-Rubin and NVLink 6 launches successful the 2nd fractional of 2026 to bolster its position. He expects Blackwell-backed LLMs to beryllium introduced successful the archetypal fractional of 2026 and enactment arsenic a imaginable catalyst for NVDA stock.

Curtis besides expects Nvidia's motorboat of its caller CPX spot successful the 2nd fractional of 2026 to payment from higher superior spending by hyperscalers and rising absorption connected inference. The expert presently expects CPX to make gross of $13 cardinal successful calendar twelvemonth 2027. Based connected each these positives, Curtis raised his 2026 and 2027 net per stock (EPS) estimates for Nvidia to $7.82 and $9.50 from $6.83 and $9.03, respectively.

Curtis ranks No. 58 among much than 10,100 analysts tracked by TipRanks. His ratings person been profitable 64% of the time, delivering an mean instrumentality of 27.8%.