Piper Sandler Predicts Nvidia Will Hit $300 Per Share

Nvidia's dominance in AI compute and its strong revenue growth have earned it an overweight rating from Piper Sandler, which predicts the company will reach $300 per share. The firm cites Nvidia's 80% market share in AI compute and 50% unit share as evidence of its leadership position.

Nvidia's current market cap is $5.4 trillion, with a 12-month revenue growth rate of 83%. Analyst David O'Connor estimates the company will grow at a 47% compound annual growth rate through fiscal year 2030, with earnings growing at a similar rate to $30 per share.

According to Piper Sandler, Nvidia's stock is undervalued at its current price of $223.67, suggesting potential upside from its strong fundamentals. The firm notes that industry supply and demand dynamics remain favorable for AI compute suppliers, driven by the growth of agentic AI workloads in 2025.

Nvidia announced a significant acquisition agreement to acquire Hugging Face for $12.93 billion, which has been met with positive reactions from analysts such as StoneX and Needham.