Nvidia Price Prediction: Wall Street and Our Model Finally Agree

Nvidia Price Prediction: Wall Street and Our Model Finally Agree

Vandita Jadeja

Tue, September 22, 2026 at 5:30 PM GMT+3 5 min read

Quick Read

• NVDA targets $310 over 12 months, implying 40% upside from $228, with both our model and Wall Street consensus aligned on a BUY.

• AMD trades at a trailing P/E of 211 versus NVDA's 28, while Broadcom's AI semiconductor revenue surged 221% to $16.7 billion last quarter.

• Jensen Huang projects 70% FY2028 revenue growth as hyperscaler capex tracks toward $800 billion in 2026 and $1.3 trillion in 2027.

• Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and NVIDIA didn't make the cut. Enter your email to see the names that beat NVDA. The report is free. Enter your email and see if any of your stocks made the cut.

Our proprietary valuation model has converged with Wall Street analyst consensus on NVIDIA (NASDAQ: NVDA). After upward revisions following the Vera Rubin ramp, our 24/7 Wall St. price target sits within striking distance of the sell-side consensus, and both point to meaningful upside from current levels.

Our 24/7 Wall St. price target for NVIDIA is $310.20 over the next 12 months, versus a current quote of $227.50. That implies 39.56% upside with a buy rating at 90% model confidence. The Wall Street consensus target of $327.70 sits modestly higher.

24/7 Wall St. Price Target Summary

Vera Rubin Puts Nvidia Back in Front

NVDA has climbed 4.22% in the past week and 22.27% year to date.

Q2 FY2027 (reported August 26, 2026) delivered non-GAAP EPS of $2.22 versus $2.0887 estimate on revenue of $96.22 billion, up 105.85% year over year. Data Center revenue reached $89.02 billion, up 117%. Q3 guidance calls for revenue of $108 billion, plus or minus 2%.

Free Report, Just Released

Why Didn't NVDA Make The Top 10 List?

24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now. Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now.

And NVDA didn't make the cut!

The report is free, and you can see why we think each stock is a top investment today.

Enter Your Email and See the Ten →

Why Bulls See a Breakout Ahead

CEO Jensen Huang said management expects fiscal 2028 revenue to grow by approximately 70%, framed as supply constrained. Revenue opportunity per gigawatt rises from roughly $18 billion on Hopper to $25 billion on Blackwell to $40 billion on Vera Rubin.

Cloud industry backlog exceeds $2 trillion, with top-five hyperscaler capex tracking to nearly $800 billion in 2026 and $1.3 trillion in 2027. Fiscal 2028 EPS consensus has been revised from $12.8206 30 days ago to $15.6826, with 42 upward revisions and zero downward. In our bull case, NVDA reaches $353.54.

What Could Go Wrong

Q3 guidance excludes China Data Center compute revenue. Supply commitments have ballooned to $279 billion, largely for Vera Rubin memory. Gross margins are expected to bottom in Q4 in the 71% to 72% range as memory costs rise.

Nvidia has disclosed $108.5 billion of guarantee obligations tied to AI cloud partners. Management argues NVIDIA compute is fungible and can be redeployed if a customer stumbles, and the margin dip is mix-driven while the business scales. Our bear case still assumes NVDA reaches $261.39, up from today.

How Nvidia Compares to AMD and Broadcom

Advanced Micro Devices (NASDAQ: AMD) is the most direct AI GPU competitor, with Data Center revenue of $6.72 billion in Q2 2026, up 107%. AMD trades at a trailing P/E near 211, while NVDA's trailing P/E of 28 looks restrained given its scale and margin profile.

Broadcom (NASDAQ: AVGO) is the closest AI networking and custom ASIC peer. Q3 FY2026 AI semiconductor revenue reached $16.70 billion, up 221%, with Q4 guided to $21.70 billion. AVGO's forward P/E of 25 and PEG of 0.472 support our $310.20 target as reasonable.

Setup Into Year-End

Current levels sit well below our 24/7 Wall St. price target of $310.20, and pullbacks into the $200s have historically tracked China headlines.

Key risks to the thesis would be fiscal 2028 revisions reversing or Q4 gross margins slipping below management's 71% to 72% floor. Wall Street and our model are aligned on the setup.

Our model projects NVDA could trade at these levels, assuming current growth trajectories and Vera Rubin ramp cadence hold.

Got $1,000? Before You Buy NVDA, Read This

If you have cash sitting in your account right now, give this two minutes. After more than two decades of helping investors beat the market, our top analysts at 24/7 Wall St. put together a definitive report on the Top 10 Stocks To Buy Today. And NVDA wasn't one of them.

They combed the entire market. It's not 10 ideas, not 10 stocks everyone is talking about, it's what their research points to as the 10 best stocks to buy right now, and it's free. Read more here and see which stocks made the list -->>

Contact editorial@247wallst.com for any questions or corrections.