Truist NVIDIA · NVDA

Truist Affirms Buy on NVIDIA, $204 Price Target

Analyst: William Stein 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$204
Outcome
Reached
on October 29, 2025
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What the analyst said

Truist Securities analyst William Stein reiterated a Buy rating and $204 price target on NVIDIA (NASDAQ: NVDA).

“We view NVDA as *the* AI company: a sustainable leader in massive parallel and heterogeneous compute chips, software, and recently services, to enable AI & related applications.

We see NVDA’s leadership as driven less by the raw performance of its chips, and more by its culture of innovation, ecosystem of incumbency, and substantial investment in software, services, and base AI models that we believe makes its chips a default choice for most engineers building AI systems.

We expect NVDA’s superior positioning in gaming and server acceleration/AI is supporting structural fundamental growth and stock outperformance. We rate the shares Buy.

Our $204 price target is based on ~35x (15x discount to hi-growth peers) applied to our CY26 EPS estimate of $5.84.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

NVDA trades at $217. The 27 analysts who set a target in the last 3 months range from $270 to $515, with a median of $315. This $204 target is 35% below the median, the lowest on the Street.

Since the note NVDA has moved +55% (from $140). The 12-month window closed on January 10, 2026.

Track record

This call✓ Target reached on October 29, 2025, 10 months after the note.

Firm track recordTruist: 82% of its 17 targets at least a year old were reached within 12 months (#13 of 18 firms); on NVIDIA, 4 of 4. Accuracy ranking →

Truist on NVIDIA

Truist price targets on NVIDIA

8 calls from February 24, 2026 to August 27, 2026. The target went from $275 to $346 (+26%). The rating stayed Buy.

Truist targetNVDA share price
  1. August 27, 2026Target raised from $307 (+13%)Buy$346
  2. June 2, 2026Kept the $307 targetBuy$307
  3. May 21, 2026Target raised from $287 (+7%)Buy$307
  4. May 19, 2026Kept the $287 targetBuy$287
  5. March 18, 2026Target raised from $283 (+1%)Buy$287
  6. March 17, 2026Kept the $283 targetBuy$283
  7. February 26, 2026Target raised from $275 (+3%)Buy$283
  8. February 24, 2026Earliest call shownBuy$275
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Other analysts on NVIDIA

Goldman SachsBuy Kept rating and price target Oct 21 $300maintained UBSBuy Kept rating and price target Oct 9 $300maintained Yorkville IvesBuy Initiated coverage Oct 7 $300 CantorBuy Kept rating and price target Oct 5 $350maintained CantorBuy Kept rating and price target Oct 1 $350maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.