Nvidia stock (NASDAQ: NVDA) is trading at a record high of $225, and Wells Fargo analysts have reiterated their price prediction with a new target. The leading global bank has officially raised the target, implying a surge of 40% from its current cycle. This is a massive forecast, as Nvidia could soon kick-start a rally and leave the $225 price mark behind.
Wells Fargo analysts wrote that Nvidia stock is forming an “AI supercycle” and is only in its second innings. More than the GPU chips, Wells Fargo focuses on Nvidia’s hardware and infrastructure penetration, where the company is now selling $3 million AI server racks. The racks include GB200 NVL72 and GB300 NVL72 and are massive packs of 72 advanced GPUs linked together into a single server unit.
Therefore, Wells Fargo’s bullish price prediction is more on the infrastructure front, where Nvidia is selling each piece for $3 million, which could aid its stock prospects. This shifts Nvidia from a hardware seller to an infrastructure provider. The investment bank wrote that Nvidia’s data center revenues could continue to grow into a ‘sovereign AI.’
Even at its current price, the Forward P/E (Price-to-Earnings) is actually lower than it was a year ago. The company’s earnings are growing faster than its stock price. This is the secret to why a $5 trillion company like Nvidia can still rise 40% in stock value, according to Wells Fargo.
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Wells Fargo’s New Nvidia Stock Price Target
Wells Fargo Nvidia stock price target – $315
Potential returns – 40%
Wells Fargo analysts provided a price target of $315 to Nvidia stock on May 12, 2026. That’s an uptick of another 40% from its current price of $225. Therefore, an investment of $1,000 could turn into $1,400 if the price prediction turns out to be accurate. That’s phenomenal returns, as not every asset can generate double-digit gains in the charts.