Nvidia shares sit 11% below their 52-week high of $243.37 after another strong quarter, and the 24/7 Wall St. price target of $259.77 over 12 months implies 20.26% upside from $216.20. The model gives the stock a positive rating with high confidence, citing fiscal Q2 2027 revenue of $96.22 billion, up 105.8%, and Q3 guidance of $108 billion. Management expects fiscal 2028 revenue to grow about 70% in a supply-constrained outlook, and the Vera Rubin platform lifts the revenue opportunity to $40 billion per gigawatt from $25 billion for Blackwell. Critics point to gross margins that may bottom at 71% to 72% in Q4 as memory costs rise, along with $279 billion in supply commitments and a bear-case estimate of $226.09. The consensus target from 59 analysts is $328.95.
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/29/2026 | 213.72 |
| Change that session | -0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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