Nvidia Stock Price Could Soar by 35% in Fiscal 2028, Analysts Predict

Nvidia's stock has consistently exceeded Wall Street expectations, and history suggests that this trend may continue. The company's recent introduction of its Vera Rubin platform is expected to drive significant growth in fiscal 2028. Analysts currently expect Nvidia to earn $12.87 per share in fiscal 2028, but a 3.7% increase in earnings could push this figure to around $13.35.

If Nvidia trades at 20 times its fiscal 2028 earnings estimate in July 2027, the projected EPS of $13.35 implies a share price of approximately $267. This would represent a return of roughly 35% on a $1,000 investment made today.

However, reaching this target will depend on several factors, including a fast rollout of the Vera Rubin platform, continued spending by major cloud providers, and higher revenue per AI system. The main risks are weak customer returns on AI spending, increasing competition, and export controls.