Wolfe Research NVIDIA · NVDA

Wolfe Research Hikes Nvidia’s Price Target to $230

1 min read Reproduced verbatim
Rating
Outperform
Target
$230
from $220 (+5%)
Outcome
Reached
on May 14, 2026
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What the analyst said

Wolfe Research analyst Chris Caso raised on August 28, 2025, the price target on Nvidia to $230 (from $220) while maintaining a ‘Outperform’ rating.

“Maintain Outperform rating, increasing PT to $230.

Our $230 price target is based on ~37x our $6.20 CY26 EPS, largely in line with NVDA’s ~36x avg multiple over the last five years.

NVDA reported F2Q/F3Q slightly above Street, with China revenue still not included in the company’s outlook.

While geopolitical challenges persist, AI revenue growth in all other areas is growing strongly, and rack production at partners continues to accelerate.

Our FY26/ FY27 numbers move modestly higher on the report, with ~$152bn/~$208bn in datacenter GPU revenue, respectively, driving $4.48/$6.20 in EPS.

With the stock at just ~29x our FY27 EPS, NVDA remains our favorite AI stock.”

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 $187. The 27 analysts who set a target in the last 3 months range from $270 to $515, with a median of $315. This $230 target is 27% below the median, the lowest on the Street.

Since the note NVDA has moved +3% (from $182). The 12-month window closed on August 28, 2026.

Track record

This call✓ Target reached on May 14, 2026, 9 months after the note.

Firm track recordWolfe Research: 91% of its 11 targets at least a year old were reached within 12 months; on NVIDIA, 4 of 4. Accuracy ranking →

Wolfe Research on NVIDIA

Wolfe Research price targets on NVIDIA

8 calls from August 28, 2025 to May 21, 2026. The target went from $230 to $275 (+20%). The rating stayed Buy.

Wolfe Research targetNVDA share price
  1. May 21, 2026Kept the $275 targetBuy$275
  2. May 14, 2026Rating only, no price targetBuyNo target
  3. March 27, 2026Kept the $275 targetBuy$275
  4. March 20, 2026Kept the $275 targetBuy$275
  5. March 17, 2026Kept the $275 targetBuy$275
  6. February 26, 2026Target raised from $230 (+20%)Buy$275
  7. October 28, 2025Kept the $230 targetBuy$230
  8. August 28, 2025 This noteEarliest call shownBuy$230
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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.