Nvidia's Stock Could Reach $350 by 2027, Analysts Predict
Analysts suggest that Nvidia's stock may reach $350 by 2027, driven by strong revenue growth and positive earnings reports. The company's recent performance indicates a bullish outlook, with a significant upside potential from current levels.
Nvidia (NASDAQ: NVDA) has shown impressive momentum in 2026, with shares increasing by 16.79% year to date and 14.49% in the past month, closing at $217.55 on August 28. The company's August 26 earnings report revealed a staggering $96.22 billion in revenue, marking a year-over-year growth of 105.85%. CEO Jensen Huang emphasized the transformative impact of artificial intelligence, stating that AI has reached a point where it is generating substantial revenue.
Wall Street's average target for Nvidia's stock is currently set at $305.79, reflecting a bullish sentiment with 48 Buy and 10 Strong Buy ratings against just one Sell. This target suggests a potential upside of approximately 40% from the current price. Analysts have yet to fully account for management's guidance indicating that fiscal 2028 revenue could grow by around 70%, despite a backlog that Huang described as supply-constrained.
Nvidia has consistently exceeded earnings per share (EPS) estimates for five consecutive quarters, most recently surpassing expectations by 6.29%. This trend of outperforming forecasts suggests that future reported numbers may exceed current projections.
Currently, Nvidia trades at a forward price-to-earnings (P/E) ratio of 26 based on an EPS of $7.91. If the stock reaches $350, it would represent a P/E ratio of approximately 35, which, while higher than the S&P 500's forward multiple of around 22, remains within Nvidia's historical range.
Achieving a price of $350 would require the company's forward EPS to reach about $10, aligning closely with the projected EPS of $9.91. This calculation indicates that a move from $217.55 to $350 necessitates roughly 61% appreciation. Historically, Nvidia has demonstrated significant annual gains, with the stock appreciating by 864.36% over the past five years.
While reaching a $5.25 trillion market cap presents challenges for repeating such high growth rates, a 60% increase in a single year is consistent with Nvidia's past performance. The path to $350 is feasible, contingent on several factors, including supply constraints and the exclusion of China Data Center revenue from current guidance. With fiscal 2028 revenue expected to grow substantially and a series of strong earnings reports behind them, the outlook for Nvidia remains optimistic.
