Jefferies NVIDIA · NVDA

Jefferies Increases Nvidia’s Price Target to $240

1 min read Reproduced verbatim
Rating
Buy
Target
$240
from $220 (+9%)
Outcome
Missed
within 12 months
Jefferies and NVIDIA logos

What the analyst said

Jefferies analyst Blayne Curtis raised the price target on Nvidia to $240 (from $220) while maintaining a Buy rating.

“Coming out of GTC DC, NVDA pointed to line of sight to fulfilling $500B of orders in 2025/2026 between Blackwell and Rubin.

Our bottom-up build suggests $464B of revenue for CY25/26 for those two families (suggesting another $36B in upside assuming NVDA hits that estimate).

Given this endorsement by NVDA, we are raising our estimates further to $293B/$384B (from $283B/$334B) in CY26/27.

We raise our EPS to $9 in CY27 with our bottom-up build suggesting $10+ in EPS in 2027.

We still see more room for the stock to work and raise our PT to $240 (27X CY27 EPS of $9.03).

We also took this opportunity to remove China from our estimates and add in CPX (detailed below).”

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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 $240 target is 24% below the median, the lowest on the Street.

Since the note NVDA has moved −10% (from $207). The 12-month window closed on November 4, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note NVDA closed at $200, 17% below the $240 target, and it moved the other way.

Firm track recordJefferies: 62% of its 21 targets at least a year old were reached within 12 months (#23 of 26 firms); on NVIDIA, 3 of 4. Accuracy ranking →

Jefferies on NVIDIA

Jefferies price targets on NVIDIA

4 calls from August 27, 2025 to May 21, 2026. The target went from $205 to $300 (+46%). The rating moved from Hold to Buy.

Jefferies targetNVDA share price
  1. May 21, 2026Target raised from $250 (+20%)Buy$300
  2. November 20, 2025Target raised from $240 (+4%)Buy$250
  3. November 4, 2025 This noteUpgraded to Buy, target raised from $205 (+17%)Buy$240
  4. August 27, 2025Earliest call shownHold$205
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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.