NVIDIA closed at $216.47 on October 20 after a 6.61% weekly drop tied to AI financing worries, and the 24/7 Wall St. model sets a 12-month price target of $258.42, implying 20.68% upside. The model says NVIDIA trades at 16 times forward earnings while revenue grew 105.8% year over year last quarter. Fiscal Q2 2027 revenue of $96.22 billion beat the $92.07 billion estimate, and non-GAAP EPS of $2.22 topped the $2.09 estimate, marking a fifth straight beat. Management expects fiscal 2028 revenue to grow about 70%, though the article flags supply obligations of $279 billion and margin pressure from rising memory costs. The model’s bear case is $225.15, and the article gives a BUY rating with 90% confidence.
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.47 |
| Change that session | -0.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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