Mizuho Raises NVIDIA Price Target to $235
- Rating
- Buy
- Target
- $235
- from $225 (+4%)
- Outcome
- Reached
- on May 14, 2026
What the analyst said
Mizuho analyst Vijay Rakesh raised the price target on NVIDIA (NASDAQ: NVDA) to $235 (from $225) while maintaining an Outperform rating.
“We caught up with NVDA after CEO Jensen’s keynote at GTC in Washington DC.
Key highlights: 1) CEO Jensen noted >$500B cumulative BW-Rubin revenue through CY26E, including 6M units shipped YTD through late Oct (would be ~$150B, assuming ~$25k per unit on 6M units vs DC BW Cons Revs YTD ~$125B), 2) Expects ~14M remaining Blackwell GPUs (~3.5Q of shipments) and initial Rubin (1.5Q), implying ~$350B for GPU+Networking through Dec’26 – modestly above consensus of ~$300B, 3) We believe NVDA noted JUST bookings “so far” and could increase, while also some press on potential BW into CHINA, 4) Announced new QUANTUM partnerships (RGTI, IONQ, with NVQLink solution), Auto (UBER, STLA, LCID), Robotics (FigureAI, Mentee, Agility Robotics – AMZN), and Networking ($1B Nokia investment), and 5) Reiterated Rubin roadmap on track for C2H26E.
Raising Ests/PT to $235 as we believe NVDA remains well positioned to continue leading the AI race.”
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Where the price stands
NVDA trades at $229. The 27 analysts who set a target in the last 3 months range from $270 to $515, with a median of $315. This $235 target is 25% below the median, the lowest on the Street.
Since the note NVDA has moved +14% (from $201). 12-month window: day 345 of 365, closes on October 29, 2026.
Track record
This call✓ Target reached on May 14, 2026, 6 months after the note.
Firm track recordMizuho: 96% of its 27 targets at least a year old were reached within 12 months (#2 of 20 firms); on NVIDIA, 6 of 6. Accuracy ranking →
Mizuho on NVIDIA
Mizuho price targets on NVIDIA
8 calls from August 13, 2025 to February 26, 2026. The target went from $205 to $275 (+34%). The rating stayed Buy.
- February 26, 2026Target raised from $245 (+12%)Buy$275
- December 30, 2025Kept the $245 targetBuy$245
- November 20, 2025Target raised from $235 (+4%)Buy$245
- October 29, 2025 This noteTarget raised from $225 (+4%)Buy$235
- October 13, 2025Target raised from $205 (+10%)Buy$225
- September 24, 2025Kept the $205 targetBuy$205
- August 27, 2025Kept the $205 targetBuy$205
- August 13, 2025Earliest call shownBuy$205
