Nvidia Stock Set to Double as AI Boom Ignites
Nvidia's stock has been relatively steady in 2026, up about 17% year to date. However, investors have come to expect more from the chipmaker. According to analysts, a massive change in Nvidia's fortunes is coming in 2027.
The company's valuation normalized in 2026, no longer trading at a premium. From a trailing price-to-earnings ratio perspective, Nvidia traded above 50 for most of 2024 and spent most of 2025 in the mid-40s. Now it has tumbled to about 28 times earnings.
Nvidia's revenue growth is expected to be huge next year, with analysts predicting 90% growth in Q3 and 65% growth in Q4. The company consistently beats estimates, so actual figures may come in higher.
Given Nvidia's cheap stock price, the stock could easily double over the next year. Wall Street analysts estimate Nvidia will generate $15.57 in earnings per share during fiscal 2028. If it trades at a market-average premium of 25.1 times earnings and hits that forecast target, then by the end of next year, it will trade at $390 per share.