Nvidia Stock Predicted to Reach New Highs by End of 2027

Cantor Fitzgerald's expert C.J. Muse has reiterated his bullish stance on Nvidia Corp. (NASDAQ: NVDA) stock, predicting a rally towards a new all-time high over the next 12 months.

Muse maintained an 'Overweight' rating for Nvidia stock and stuck to his 12-month price target of $350, which represents a potential 52.89% increase from its current trading price of $228.92 on Thursday.

The expert based his bullish thesis on Nvidia's dominant role in enabling Agentic Artificial Intelligence (AI) and its robust demand growth.

Nvidia has already surged 21.22% year-to-date, pushing the company's market capitalization to approximately $5.5 trillion.