KeyBanc Reiterates Overweight on NVIDIA, $250 Price Target
- Rating
- Buy
- Unchanged
- Target
- $250
- Outcome
- Missed
- within 12 months
What the analyst said
KeyBanc analyst John Vinh reiterated an Overweight rating and $250 price target on NVIDIA (NASDAQ: NVDA).
“We expect NVDA to report strong F3Q (Oct) results and guide F4Q (Jan) higher.
We expect key drivers of upside to include: 1) Increasing shipments of B300, which should represent unit and ASP tailwinds; 2) Improving GB300 rack production, as we estimate FY26 rack shipments of 28K-30K; 3) Increasing Hopper production, which indicates NVDA may have resumed shipments to China.
Conversely, we believe NVDA is capacity constrained, which could limit more meaningful upside and impact shipments of gaming GPUs.
Accordingly, we’re raising estimates slightly and reiterate our Overweight rating.”
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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 $250 target is 21% below the median, the lowest on the Street.
Since the note NVDA has moved +23% (from $187). 12-month window: day 329 of 365, closes on November 14, 2026.
Track record
This call✗ Not reached within 12 months: a year after the note NVDA closed at $228, 9% below the $250 target, but it moved the way the analyst expected. Same target as this firm’s September 30, 2025 note, so it is scored there.
Firm track recordKeyBanc: 75% of its 8 targets at least a year old were reached within 12 months (#17 of 20 firms); on NVIDIA, 4 of 5. Accuracy ranking →
KeyBanc on NVIDIA
KeyBanc price targets on NVIDIA
8 calls from August 19, 2025 to March 17, 2026. The target went from $215 to $275 (+28%). The rating stayed Buy.
- March 17, 2026Rating only, no price targetBuyNo target
- March 17, 2026Kept the $275 targetBuy$275
- February 26, 2026Kept the $275 targetBuy$275
- November 20, 2025Target raised from $250 (+10%)Buy$275
- November 14, 2025 This noteKept the $250 targetBuy$250
- September 30, 2025Target raised from $230 (+9%)Buy$250
- August 27, 2025Target raised from $215 (+7%)Buy$230
- August 19, 2025Earliest call shownBuy$215
