Right now, the Nvidia stock price target sits at $300, and that is according to 24/7 Wall St., after Nvidia guided for around 70% revenue growth in fiscal 2028. The Nvidia stock forecast follows a strong second quarter, and revenue jumped 106% year over year to $96.22 billion, so this Nvidia stock $300 target reflects supply-constrained demand rather than any kind of slowdown. Shares trade near $220 at the time of writing, and that keeps Nvidia stock growth, plus the wider Nvidia stock 2026 outlook, right at the center of the conversation for investors. It is also why so many people keep checking the latest Nvidia stock price target update this week.
Also Read: Barclays Hikes Its Nvidia Stock Price Target
Nvidia Stock Forecast And $300 Target Amid 70% Growth
This Nvidia stock price target rests on one figure from the earnings call. Management guided fiscal 2028 growth of about 70%, and called the outlook supply-constrained rather than demand-constrained, which is also an unusual thing for a company this size to say out loud. That distinction is a big reason analysts keep nudging the Nvidia stock forecast higher instead of trimming it, and it also shapes how they frame the Nvidia stock $300 target these days.
A Blowout Quarter Behind The Numbers
Nvidia’s Q2 FY27 revenue landed at $96.22 billion, and Data Center revenue alone hit $89.02 billion, up 117% from a year earlier. Non-GAAP earnings per share came in at $2.22, which beat estimates, and Q3 guidance was set at $108 billion. Those numbers are a big part of why the Nvidia stock price target keeps climbing instead of holding steady, and the remarks below get into why. It is one of the clearer signals behind the Nvidia stock price target that Wall Street has floated so far this quarter.
Jensen Huang, founder and CEO of Nvidia, said:
“AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue. And demand is accelerating. This time last year, one lab alone was driving the buildout; today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online, with strong momentum across the U.S. and around the world. The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment.”
Why Wall Street Sees Nvidia Stock Growth Ahead
The Nvidia stock growth case behind this price target leans pretty heavily on Vera Rubin economics, and each new chip generation lifts revenue per gigawatt by a wide margin. Add a cloud backlog above $2 trillion, and hyperscaler capex near $1.3 trillion for 2027, and it is easy to see why so many desks are not backing away. An analyst also pushed Huang on the gap between the 70% guide and actual demand, and he answered it plainly. Jensen Huang said:
“While demand is much greater than 70%, our supply allows us to confidently deliver that number, and we will work to close the gap.”
Risks That Could Slow Nvidia Stock 2026 Momentum
Not every detail worked in favor of the Nvidia stock price target, though. Q3 guidance excludes China Data Center compute revenue entirely, and supply commitments have grown to $279 billion, plus days sales outstanding stretched from 45 to 60 days. Margins are expected to bottom near 71% to 72% in Q4 as memory pricing tightens, and insider selling has also trended net negative lately. Even so, a bear scenario for the Nvidia stock 2026 outlook still lands above today’s share price, keeping this Nvidia stock $300 target intact even under the weaker case.
Against AMD, which trades at a trailing P/E of 175 versus Nvidia’s 44, this Nvidia stock price target still looks reasonable rather than stretched, and that gap is a big reason it has held up under scrutiny this week.