By Vandita Jadeja
Publication Date: 2026-10-21 17:00:00
A brutal week of selling left NVIDIA at its cheapest valuation in months, but the fundamentals tell a completely different story than the price action suggests.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) closed at $216.47 on October 20, and our model says that price underestimates the business. The 24/7 Wall St. price target for NVIDIA is $258.42 over the next 12 months, implying 20.68% upside.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $214.13 |
| 24/7 Wall St. Price Target | $258.42 |
| Upside/Downside | 20.68% |
| Recommendation | BUY |
| Confidence Level | 90% |
Our model carries high confidence because NVIDIA trades at just 16 times forward earnings while revenue grew 105.8% year over year last quarter.
Wall Street agrees, with 59 Buy ratings against 2 Holds and 1 Sell. A sharp week of selling on AI financing concerns pulled shares lower, and our model treats that pullback as noise relative to the earnings trend.
AI Funding Jitters Drove a Weekly Slide Despite a Record Quarter
NVIDIA fell 6.61% over the past week, leaving shares up only 0.11% over the past month and 15.08% year to date. The stock sits between a 52-week high of $243.37 and a low of $163.90. The selloff tracked a global tech rout on AI funding worries, though CEO Jensen Huang said CoreWeave is improving and needs no backstop.
Fundamentals look far stronger. Fiscal Q2 2027 revenue reached $96.22 billion versus a $92.07 billion estimate, and…
