Nvidia shares trade at 23 times fiscal 2027 earnings, below the five-year average forward earnings multiple of 33.4 according to Morningstar, and have risen 19% in 2026 versus 62% for the PHLX Semiconductor index. First-half fiscal 2027 revenue rose 96% year over year to $177.8 billion, while non-GAAP earnings per share climbed 130% to $4.09. The 12-month median price target is $320, about 44% above current levels. The author outlines a scenario in which, at 30 times earnings at the end of fiscal 2029 and EPS of $21.34, the stock could reach $640. The last time Nvidia's forward earnings multiple was below 20 was at the end of 2018, when it stood at 18.7.
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▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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