Nvidia Stock Price Forecast: Will We See $300 in 2026?

Nvidia (NASDAQ: NVDA) stock hasn’t seen much movement lately. Over the course of six months, it is essentially unchanged.

However, the consensus among professional analysts is that growth stocks are poised for significant growth. Some analysts believe it could actually reach $300 in the near future.

Nvidia is driving the AI revolution

At the beginning of the week, Nvidia organized the GTC AI conference. This provided investors with some insight into the company’s roadmap and growth potential.

There was a lot to be excited about. Anyone who listened to CEO Jensen Huang’s speech will understand that the company still has a lot of growth ahead of it.

In this keynote, Huang took time to discuss the company’s up-to-date Rubin platform. It’s basically an AI supercomputer made up of seven different Nvidia chips.

Designed to handle every stage of artificial intelligence, it is both powerful and productive. Compared to the company’s current Blackwell systems, it offers up to 10 times the inference throughput per watt and one-tenth the cost per token.

One thing that really jumped out at me was the scale of demand for this product and Blackwell’s current chips. Huang said he expects the combined revenues of the two chip systems to reach $1 trillion by 2027.

That’s a staggering amount of money. And it shows why Nvidia is the most valuable company in the world today.

We are driving the robotaxi revolution

Looking beyond Rubin, there was plenty of other stimulating news. The company’s plans for the robotaxi space were worth emphasizing.

In this case, Nvidia has partnered with many well-known automotive companies (Nissan, BYDetc.) to build autonomous cars. She also started cooperation with Uber launching a global fleet of robotaxes in the coming years.

Since the GTC conference, Wall Street analysts have been trying to maintain their Buy ratings and price targets for the stock. And some of the target prices are pleasantly above the current share price.

At least four different companies believe that the company’s shares could reach $300 in the next 12 months (one of these companies, Evercore ISI seeks $352). The next four companies set price targets between $275 and $300.

Of course, such pricing targets should be taken with a pinch of salt. Analysts’ research and models can sometimes be off target, and their price targets are often not met.

I will point out that there are many risks that could derail this bullish thesis. These include a slowdown in AI spending, up-to-date products from competitors and a broader market crash.

However, I personally believe that chip stocks are likely to see another rally soon as their valuation is currently quite low (price-to-earnings ratio is just 22). So I think it’s worth considering your portfolio today.