Top Analysts Raise Nvidia Price Targets Amid AI Demand Surge

Nvidia's stock whipsawed after its Q3 FY26 earnings report, initially surging 5% before closing 3.2% lower amid broader concerns about AI valuations and interest rate uncertainty. The chipmaker posted staggering growth—62% revenue increase to $57 billion and 60% EPS jump—yet failed to sustain early gains.

KeyBanc's John Vinh boosted his price target to $275, citing Nvidia's $500 billion pipeline and Blackwell demand. "The guidance strongly exceeded expectations," noted the five-star analyst, underscoring how data center growth continues to outpace projections. Baird similarly reinforced its bullish stance, highlighting structural advantages in AI infrastructure.

Market skepticism persists despite these upgrades. The Blackwell transition cycle and enterprise AI adoption face scrutiny as investors weigh stretched multiples against what analysts call "a generational compute shift." Nvidia's ability to maintain its 80% data center GPU market share remains pivotal.