BNP Raises Nvidia Target to $345 and AMD to $960, Keeping Outperform on Both

BNP Paribas raised its price target on NVDA to $345 from $285 and kept its Outperform rating, according to a MarketScreener wire item published Oct 5. The same day it lifted AMD to $960 from $600, also with Outperform maintained. These were target increases on existing ratings, not upgrades. Seeking Alpha reported the AMD increase as 60% and quoted BNP pointing to the remarkable strength in CPUs due to artificial intelligence.

On Nvidia, a Seeking Alpha summary says BNP cited the company's broad range of AI hardware, CUDA software and networking, and that Nvidia remains its preferred semiconductor stock. Economic Times coverage framed the $345 target as implying 47% upside, which matches the stock's price of about $234 on Oct 2.

Morgan Stanley is the third name in the cluster, but its Nvidia view is more modest than the headline suggests. Analyst Joseph Moore maintained an Overweight rating with a $300 price target and named Nvidia a semiconductor top pick on Oct 2, per Finbold and Stocktwits; older Morgan Stanley figures of $285 and $288 are from earlier in 2026. A forecast piece on Morgan Stanley's outlook is cited as, but its body could not be reached, and the $300 target sits below BNP's $345.

Against first-party SentiSense data on Oct 5, Nvidia trades at $236.60 and the consensus target is $328.72 across 59 analysts, with a range of $180.00 to $515.00 and 58 buy ratings out of 61. BNP's $345 is about 5% above that average. AMD trades at $630.88, above its consensus average of $622.01 across 50 analysts, so BNP's $960 is about 52% above the price and below the $1250.00 high target.

The next scheduled catalyst for Nvidia is its earnings report, expected in mid-November, per FX Leaders. Whether the stocks' recent strength holds, with Nvidia hitting a record high above $237 on Oct 2, will determine how the new targets compare with the tape.