BNP Paribas Raises Nvidia Price Target to $345 Amid AI Dominance
On October 05, 2026, BNP Paribas raised its price target for Nvidia (NASDAQ: NVDA) from $285 to $345, reaffirming its position as the premier semiconductor pick. The upgrade highlights Nvidia's leadership in AI hardware, CUDA software, and networking solutions, with expectations of sustained high gross margins despite increasing competition. According to GF Value™, Nvidia is approximately 41.2% undervalued, with an intrinsic value of $402.64 compared to its current price of $236.59. The company's GF Score™ of 95/100 underscores its exceptional financial strength, profitability, and growth metrics.
The decision by BNP Paribas reflects Nvidia’s dominant role in the AI semiconductor market, driven by its comprehensive AI ecosystem, including the CUDA software platform and Blackwell architecture GPUs. The firm anticipates that AI inference workloads will continue to grow exponentially, allowing Nvidia to maintain gross margins above 70%. This outlook is supported by Nvidia’s ongoing innovation in data-center-scale systems and networking, which are crucial for cloud providers and AI developers globally.
Nvidia’s market capitalization stands at $5.70 trillion, reinforcing its leadership in accelerated computing and AI infrastructure. The company's product portfolio includes GPUs for gaming, data-center AI platforms, and autonomous vehicle solutions, enhanced by its 2020 acquisition of Mellanox. Despite strong fundamentals, insider activity over the past 12 months shows significant net selling, with insiders offloading shares worth over $2.1 billion and no insider purchases reported.
GuruFocus’ GF Value™ metric suggests that Nvidia is trading at a significant discount to its intrinsic value, indicating potential long-term growth prospects. However, the GF Valuation label warns of a “Possible Value Trap, Think Twice,” urging investors to consider competitive risks and insider selling trends. The company’s GF Score™ of 95 out of 100 highlights its robust balance sheet, exceptional profit margins, and rapid earnings growth, though its valuation rank remains relatively modest at 4 out of 10.