Semiconductor giant Nvidia (NVDA) reported upbeat fiscal first-quarter earnings and a solid outlook, backed by continued demand for the company’s AI (artificial intelligence) chips. Moreover, the company announced an $80 billion buyback authorization and a 25-fold increase in its quarterly dividend to $0.25 per share. Yet NVDA stock fell about 1.8% on Thursday and 1.9% on Friday amid elevated investor expectations and concerns about intensifying competition in the AI chip market. Nevertheless, several top analysts remain bullish on Nvidia stock and increased their price targets to reflect strong upside amid robust growth potential.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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Let’s look at the opinions of some of the top analysts.
Baird Analyst Lifts NVDA Stock Price Target to Street-High of $500
Impressed by the Q1 FY27 print, Baird analyst Tristan Gerra lifted his price target to a Street-high of $500 (132% upside potential) from $300, while reiterating a Buy rating. Nvidia continues to be Baird’s top idea. Gerra highlighted that the company is winning market share in inference and at hyperscalers.
