Nvidia shares trade near $220, while a $300 price target from 24/7 Wall St. follows the company’s fiscal 2028 revenue growth guidance of approximately 70%. The target reflects supply-constrained demand, not a slowdown, after second-quarter revenue surged 106% year over year to $96.22 billion. Data Center revenue alone reached $89.02 billion, up 117%. Non-GAAP earnings per share of $2.22 beat estimates, and third-quarter guidance of $108 billion keeps the stock forecast elevated. Risks include China revenue exclusion and margin pressure, but the bear case still lands above the current share price.
A stock price target of $300 has been set for Nvidia by 24/7 Wall St., following the company’s guidance for approximately 70% revenue growth in fiscal 2028. The forecast comes after a strong second quarter where revenue jumped 106% year over year to $96.22 billion, with Data Center revenue alone hitting $89.02 billion, up 117%.
Non-GAAP earnings per share came in at $2.22, beating estimates, while third-quarter guidance was set at $108 billion. Management described the outlook as supply-constrained rather than demand-constrained, a distinction that has kept analysts nudging the Nvidia stock forecast higher.
According to Jensen Huang, founder and CEO of Nvidia, “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.” He added, “While demand is much greater than 70%, our supply allows us to confidently deliver that number, and we will work to close the gap.”
The Nvidia stock growth case leans heavily on Vera Rubin economics, with each new chip generation lifting revenue per gigawatt. A cloud backlog of over $2 trillion and hyperscaler capex near $1.3 trillion for 2027 support the bullish stance.
Risks remain, however. Third-quarter guidance excludes China Data Center compute revenue entirely, and supply commitments have grown to $279 billion. Days sales outstanding stretched from 45 to 60 days, and margins are expected to bottom near 71% to 72% in Q4 as memory pricing tightens. 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 the $300 target intact. Against AMD, which trades at a trailing P/E of 175 versus Nvidia’s 44, the price target appears reasonable rather than stretched.
