Melius Lifts Nvidia’s Price Target to $300

Melius analyst Ben Reitzes raised on October 29, 2025, the price target on Nvidia to $300 (from $275) while maintaining a ‘Buy’ rating on the stock.

“Bottom Line: We feel even better about long-term prospects for Nvidia through next year and raise our target to $300 from $275 – and believe street estimates are too low for FY27 and FY28.

We see a glide path to $800B+ in revenues by the end of the decade.

We also note that the news around OpenAI’s structure (IPO/funding path) and its new Microsoft agreement ($250B in cloud contracts, etc.) provide a smoother road toward spending growth with Nvidia for a long time with 2 enormous customers.

Reiterate buy.”

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