BofA Securities Raises NVIDIA Price Target to $200

February 27, 2025 Analyst: Vivek Arya 1 min read Reproduced verbatim

Rating: Buy
Target: $200; from $190 (+5%)
Outcome: Reached; on October 28, 2025

What the analyst said

BofA Securities analyst Vivek Arya raised the price target on NVIDIA (NASDAQ: NVDA) to $200 (from $190) while maintaining a Buy rating.

“We reiterate our Buy rating on NVDA as the company remains in a dominant position of leading the AI market towards compute-intensive inference, agentic applications, and physical AI/robotics; we note the stock also trades at a compelling 29x/22x CY25/26E PE or <1x PE to 30%+ earnings growth CAGR vs SPX/Mag-7 at 2x+.

Despite multiple headwinds (DeepSeek, Blackwell transition, China restrictions), NVDA reported 78% YoY growth in FQ4 sales ($39.3bn, 3% ahead of cons), while guiding FQ1 to $43bn, about $1bn ahead and up 66% YoY.

FQ4 included nearly $11bn of Blackwell sales, well above the $4-$7bn expectations, providing reassurance the product is on track.

However, the cost of ramping Blackwell is driving down GM (71% in FQ1 vs 72% cons., likely stays flattish into Q2, before recovering in 2H).”

Disclaimer
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Where the price stands

This target$200Highest$515Today$187Median$315At the note$131

NVDA trades at $187. The 27 analysts who set a target in the last 3 months range from $270 to $515, with a median of $315. This $200 target is 37% below the median, the lowest on the Street.

Since the note NVDA has moved +42% (from $131). The 12-month window closed on February 27, 2026.

Track record

This call✓ Target reached on October 28, 2025, 8 months after the note.

Firm track recordBank of America: 80% of its 50 targets at least a year old were reached within 12 months (#10 of 26 firms); on NVIDIA, 6 of 7. Accuracy ranking →