Nvidia Soars as Wall Street Sees 40% Upside, But Analysts Predict $350 Share Price
Nvidia (NASDAQ:NVDA) has made significant strides in rebuilding its momentum in 2026, with shares up 16.79% year-to-date and 14.49% in the past month alone.
The company's August 26 earnings report marked a turning point, showcasing $96.22 billion in revenue, a 105.85% year-over-year growth, and Data Center revenue of $89.02 billion.
CEO Jensen Huang emphasized that AI has reached its inflection point, citing the increasing productivity and profitability of AI tokens.
To reach $350 per share in 2027, Nvidia needs to achieve roughly 61% upside from its current price, which is higher than Wall Street's implied 40% target.
The company's forward P/E ratio stands at 26 on an EPS base of $7.91, and hitting $350 would bring it closer to a premium multiple but within its historical range.