Nvidia Stock Price on Upswing as Model and Analysts Converge

Nvidia's stock price has been on an upward trend in recent months, and for the first time, both Wall Street analysts and our proprietary valuation model are pointing to the same direction: a significant increase from current levels.

The model and Wall Street consensus have converged on NVIDIA (NASDAQ: NVDA), with our 24/7 Wall St. price target sitting at $310.20 over the next 12 months, implying a 39.56% upside from its current quote of $227.50.

This alignment is attributed to the company's strong performance in the second quarter, particularly in the Data Center segment, which saw revenue reach $89.02 billion, up 117% year-over-year. The company also guided for Q3 revenue of $108 billion, plus or minus 2%, and management expects fiscal 2028 revenue to grow by approximately 70%, framed as supply constrained.

The Vera Rubin ramp has been a key factor in Nvidia's growth, with revenue opportunity per gigawatt rising from roughly $18 billion on Hopper to $25 billion on Blackwell to $40 billion on Vera Rubin. Cloud industry backlog exceeds $2 trillion, and top-five hyperscaler capex is tracking to nearly $800 billion in 2026 and $1.3 trillion in 2027.