Evercore ISI Raises NVIDIA Price Target to $261

Evercore ISI analyst Mark Lipacis raised the price target on NVIDIA (NASDAQ: NVDA) to $261 (from $225) while maintaining an Outperform rating.

“NVDA’s CEO keynote at its GTC conference in Washington, DC reinforces our “Tectonic Shifts in Computing” framework (see Appendix), that this computing era will play out like previous ones, where one vertically integrated ecosystem will capture 70%-80% of the value created.

GTC-DC reinforces our view that NVDA remains far ahead of its competition w/ its full-stack chip+HW+SW+NWing ecosystem for the AI computing era.

The CEO also highlighted visibility to $500bn+ worth of Blackwell and Rubin chip demand through 2026 to-date.

We raise our estimates for 2025/26 and raise our Price Target to $261 (from $225) based on 26x our C2030 Bull Case EPS of $14.72 discounted back to 2026. NVDA remains our Top Pick.”

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