News
Analysts See Upside for Nvidia (NVDA) After GTC Event
Despite a lukewarm investor reaction, analysts still predict a solid upside in Nvidia stock after the GTC event. Truist analyst William Stein reiterated a Buy rating on Nvidia, raising the price target to $287, while Barclays analyst Thomas O'Malley also reaffirmed a Buy rating with a price target of $275.
Nvidia's stock value did not significantly increase following product updates and partnership announcements at the GTC 2026 event. However, several top analysts have reinforced a bullish outlook on the stock. Stein cited key updates from the chip giant and its strong data centre backlog. O'Malley noted the GTC 2026 event included surprises, such as the rollout of Groq LPU as early as Q3 2026, expecting it to represent up to 25% of compute in high-end inference workloads. Wall Street has a Strong Buy consensus rating on NVDA stock, based on 41 Buys and one Hold rating. The average NVDA stock price target is $274.03.
Key Facts
- Truist analyst William Stein has reiterated a Buy rating.
- Stein increased the Nvidia price target to $287.
- Barclays analyst Thomas O'Malley reaffirmed a Buy rating on Nvidia stock.
- O'Malley set a price target of $275.
- Groq LPU's rollout is expected as early as Q3 2026.
- Groq LPU may represent up to 25% of compute in high-end inference workloads.
- Wall Street has a Strong Buy consensus rating on NVDA stock.
- The average NVDA stock price target is $274.03.
Primary Source
Research Sources
- Markets Insider — Top Analysts See Solid Upside in Nvidia Stock (NVDA) after GTC Event