Nvidia's Stock Price Could Double by 2028 Amid Projected Revenue Growth

Nvidia's stock has been growing steadily in 2026, but its valuation has normalized to match the broader market.

The chipmaker's price-to-earnings ratio has dropped from over 50 in 2024 and mid-40s in 2025 to around 28 times earnings now.

This means Nvidia is no longer significantly more expensive than the average stock, despite its impressive growth of 106% year-over-year revenue increase last quarter.

Nvidia expects significant growth next year, with analysts predicting 90% growth in Q3 and 65% growth in Q4 of fiscal 2027.

Given Nvidia's history of exceeding expectations and its cheap stock price, the math suggests the stock could easily double over the next year.