By Vandita Jadeja
Publication Date: 2026-09-24 13:00:00
Wall Street’s consensus target already implies strong gains for NVIDIA, but one bull case pushes far beyond what analysts are willing to say publicly. The path there hinges on three catalysts that have to land in the same window.
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AI hardware remains the loudest trade on Wall Street, and the picks-and-shovels crowd keeps getting paid.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) is up 22.94% year to date, Micron Technology (NASDAQ:MU) has surged 278.77%, and SanDisk (NASDAQ:SNDK) has ripped 692.86% as HBM and NAND became the AI industry’s scarcest resource.
CEO Jensen Huang calls this the largest infrastructure expansion in human history, and the numbers back him up. Here is how NVIDIA, the anchor of the trade, could reach $350 per share in 2027.
Wall Street Already Sees Meaningful Upside From Here
The sell-side consensus 12-month target on NVIDIA sits at $327.70, backed by 48 Buy and 9 Strong Buy ratings against just three cautious calls.
Analysts model FY27 EPS of $9.31 rising to $15.68 in FY28, and the FY28 average has jumped from $12.67 just 90 days ago. That includes 42 upward EPS revisions in the last month with zero cuts. Momentum in the estimates is doing the analysts’ work for them.
Path to $350: The Valuation Math
At today’s $228.74, NVIDIA trades at a forward P/E of 25, barely above the S&P 500. A move to $350…
