Wall Street Pros are Bullish on NVIDIA Stock: How High Can It Go?

Key Insights

• NVIDIA stock extended gains for a fourth straight week, rising 25% from yearly lows.
• Analysts maintained bullish outlooks, with price targets ranging between $205 and $400.
• AI-driven demand and strong earnings growth continued to support NVDA momentum.

NVIDIA stock continued its upward trend on April 21, 2026, marking its fourth consecutive week of gains as investor demand for artificial intelligence exposure remained strong. The stock moved closer to its all-time high near $213 after rising for eight straight sessions.

The rally followed sustained optimism from Wall Street analysts and continued strength in AI-related spending. Investors now assess whether NVIDIA stock can extend gains toward new highs as demand for GPUs and data center infrastructure remains elevated.

Wall Street Pros are Bullish on the NVIDIA Stock

NVIDIA has become one of the most popular companies in Wall Street, with most analysts tracking it having a bullish outlook. According to MarketBeat, the company has 54 analysts, with 52 of them having a buy rating and two of them having a hold rating.

The most bullish analyst has a target of $400, while the most pessimistic has a target of $205, which is slightly above where it is today.

Some of the top companies that recently upgraded the NVDA stock price are Bernstein, BTIG Research, Citigroup, and Benchmark. In its note, Benchmark placed a target of $250.

Why Analysts are Bullish on NVDA

There are numerous reasons why analysts are highly bullish about the NVDA share price. The most notable is that the AI boom continues, as evidenced by the ongoing discussion of Anthropic Mythos.

Most analysts believe the AI boom has room to grow, with companies like Anthropic and OpenAI spending billions on research and development.

NVIDIA stands to benefit the most from the ongoing AI boom as it is the main enabler of the industry, thanks to its chips, which have continued to gain market share in the past few years. The company is seeing a lot of demand and is struggling to fill orders from some to the top companies like Microsoft and Google.

This soaring demand is reflected in its financials, which show the company is gaining momentum. For example, data compiled by Yahoo Finance shows that the upcoming results in May will show that its revenue jumped by 78% in Q1 to over $78 billion.

NVIDIA’s revenue is so huge that it is making more money in one quarter than it made in full years a few years ago. The annual revenue will be $370 billion, up by 71% YoY. This is notable as this growth is largely organic as the company has not made any major acquisitions recently.

These analysts believe that NVIDIA’s revenue will then surge to $483 billion next year. If this trend continues, the company will reach over $1 trillion in annual revenue by 2030. In a recent note, Jensen Huang said the company will reach $1 trillion in cumulative revenue by 2027.

Analysts are also excited about NVIDIA due to its low valuation. There are several ways of valuing a company like NVIDIA, with the most important being comparing its multiples.

In this, it is important for the company to trade at a premium considering that it has a large moat in the GPU industry. It also owns CUDA, a software platform used to configure GPUs to work in the AI industry.

Data shows that the company has a forward price-to-earnings ratio of 24, much lower than Tesla’s 200. This is important as Tesla’s business is no longer growing and is facing stiff competition.

NVIDIA has a rule-of-50 multiple of over 125%, much higher than the key zone of 40.

NVDA Stock Price Technical Analysis

The weekly chart shows that the NVDA stock price has jumped in the past four consecutive weeks. On the positive side, the stock has moved above the Supertrend indicator, a sign that bulls have prevailed.

The stock has formed a bullish flag pattern, which is made up of a vertical line and a descending channel. This pattern points to more gains this year.

The stock will likely continue rising, potentially to the key resistance level at $250. A move above that price will point to more gains to $300.

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