Vandita Jadeja
5 min read
Quick Read
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NVIDIA stock dropped 9% in a week despite doubling revenue to $96 billion, creating a 22% gap to our $264 BUY target.
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AMD trades at 215x earnings versus NVIDIA’s 45x, yet NVIDIA grows twice as fast with margins 22 points higher.
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Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and NVIDIA didn’t make the cut. Enter your email to see the names that beat NVDA. The report is free. Enter your email and see if any of your stocks made the cut.
The 24/7 Wall St. price target for NVIDIA (NASDAQ:NVDA) is $263.54, and our model rates the stock a buy. Shares traded at $216.30 midday Thursday. That puts our target 21.84% above the current price. It is 19.09% above Wednesday’s $221.30 close, which was the price our model used. Confidence is high.
24/7 Wall St. Price Target Summary
The stock and the business are moving in opposite directions. NVIDIA just doubled its revenue, yet the shares fell 8.91% in a week. The consensus analyst target remains at $328.72. That gap frames the debate over where the stock goes next.
AI Fears Hit Chip Stocks While NVIDIA’s Revenue Doubled
NVIDIA, Advanced Micro Devices (NASDAQ:AMD) and Micron Technology (NASDAQ:MU) fell as the AI stock sell-off deepened, and pressure on chip stocks carried into Thursday. Shares are still up 16.25% year to date and 2.53% over the past month.
They trade 11.12% below the $243.37 52-week high. Of CoreWeave (NASDAQ:CRWV), NVIDIA CEO Jensen Huang said Thursday CoreWeave doesn’t need a backstop, showing concerns about how customers are financed.
Second-quarter fiscal 2027 revenue came in at $96.22 billion, up 105.85% and beating the $92.07 billion estimate. EPS of $2.22 also exceeded the $2.0887 consensus. Data Center revenue rose 117% to $89.023 billion.
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Why Bulls See $274 and Beyond
Management guided third-quarter revenue to $108 billion. It expects growth of about 70% in fiscal 2028 and says supply is the limiting factor. Each gigawatt of Vera Rubin brings NVIDIA about $40 billion in revenue, compared with $25 billion for Blackwell.
