Price Prediction: Nvidia Stock Will Hit $300 On This Date

Quick Read

• Nvidia (NVDA) reported revenue of $81.6B, up 85% year-over-year, with data center revenue of $75.2B and networking revenue tripling to $14.8B, yet shares trade at $215.33 with forward P/E of 27x, the cheapest valuation relative to growth in years.

• Reaching Nvidia’s $300 price target requires 39.3% upside and a forward P/E of 38x, achievable if Blackwell 300 ramps successfully, Q2 revenue exceeds the $91B guidance, and rate-hike anxiety dissipates, though a hyperscaler capex pause on $119B in supply commitments poses the primary risk.

• The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.

NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) just reported one of the most remarkable quarters in corporate history. Revenue of $81.6 billion, up 85.23% year over year. Data Center revenue of $75.2 billion, with networking alone tripling to $14.8 billion. Yet shares trade at $215.33, up just 15.46% year to date. Can Nvidia hit $300 per share, and what has to happen?

Why Nvidia Shares Are Stuck Despite a Monster Quarter

Shares are down 4.43% over the past week even after the blowout report, though up 6.34% over the past month.

Investors wrestle with three pressures: rate-hike anxiety pressuring growth multiples, the fact that no H20 compute revenue from China is in the outlook, and $119 billion in supply-related commitments creating execution risk if hyperscaler capex blinks.

The analyst who called NVIDIA in…