Nvidia Stock Price Target Increased Despite Recent Decline

Nvidia recently received an upped price target from Raymond James despite experiencing a decline in its stock price. This development may have potential implications for investors and stock market movements.

Multiple Wall Street analysts raised their price targets on NVDA in March 2026, with Tigress Financial setting a $350 target and Evercore ISI establishing a street-high of $352 — implying over 80% upside from current levels. Raymond James also increased its target following GTC 2026, citing stabilizing demand trends and the upcoming Vera Rubin product cycle. The consensus across 38 analysts stands at approximately $263, representing a "Strong Buy" rating.

The bullish analyst chorus comes despite Nvidia shares trading well below their highs, with the stock at roughly $182 as of mid-March. Goldman Sachs and Morgan Stanley both maintain $250 targets, while Bank of America and Wedbush each carry $275 targets. Bank of America recently reiterated its "Buy" rating citing a new Groq AI licensing deal as an additional revenue catalyst. The breadth of analyst conviction — 37 of 38 analysts rate the stock a "Buy" — is notable even by Nvidia's standards.

The disconnect between elevated analyst targets and subdued stock performance reflects broader market uncertainty about AI infrastructure spending sustainability. While Nvidia's data center revenue outlook was raised to over $1 trillion through 2027 at GTC, investors are weighing whether near-term demand softness in certain segments could delay the full realization of AI-driven revenue growth. The price target increases suggest Wall Street believes the pullback represents a buying opportunity ahead of the next product cycle.