By Vandita Jadeja
Publication Date: 2026-10-23 14:30:00
Wall Street already sees more than 50% upside in NVIDIA, but one analyst thinks even that target is too conservative. Here is the specific combination of catalysts that could push shares well beyond what most investors are pricing in.
Jensen Huang put it simply in August: “AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue.” That line explains why NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) remains the center of the AI expansion.
Shares are up 15.08% year-to-date at $214.13, even after a 6.61% drop last week tied to a global tech rout on AI funding worries. Over five years, the stock has gained 883.76%. I think that decline sets up the next leg. Here’s what NVIDIA needs to do to hit $350 in 2027.
Wall Street Already Sees More Than 50% Upside
The consensus price target sits at $328.72, roughly 54% above today’s price. Analysts are nearly unanimous, with 10 Strong Buy and 49 Buy ratings against 1 Sell.
Estimates keep climbing. Fiscal 2028 EPS forecasts rose from $12.7636 90 days ago to $15.9146, with 7 upward revisions and 0 downward over the last 30 days. In the latest quarter, EPS of $2.22 topped the $2.09 consensus, marking a fifth consecutive earnings beat, on revenue up 105.8%.
Here’s What It Takes for NVIDIA to Reach $350
At $214.13, NVIDIA changes hands at about 13x fiscal 2028 earnings estimates. At $350, that multiple would be roughly 22x, close to a market-average…