Evercore ISI Reiterates Outperform on NVIDIA, $261 Price Target
- Rating
- Buy
- Unchanged
- Target
- $261
- Upside
- +14%
- NVDA at $229 today
What the analyst said
Evercore ISI analyst Mark Lipacis reiterated an Outperform rating and $261 price target on NVIDIA (NASDAQ: NVDA).
“We reiterate our Outperform rating with $261 PT and are buyers of NVDA in front of its Oct-Q earnings call scheduled for Nov-19th after the market close.
We expect a beat/raise quarter as our channel checks indicate that GB200 and GB300 availability has greatly improved yet demand still outstrips supply.
NVDA is trading at NTM P/E ratio of 30x, below the 9-yr median of 35x, only 11% above MRVL, 16% below AVGO, and 27% below AMD.
And current 2026 PEG ratio of 0.55x is well-below parity and compares to an average 1.4x for rest of our AI coverage. We continue to view NVDA as a top pick and core semiconductor holding.”
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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 $261 target is 17% below the median, the lowest on the Street.
Since the note NVDA has moved +23% (from $187). 12-month window: day 330 of 365, closes on November 14, 2026.
Track record
This callOpen: NVDA has not reached $261 yet. This 12-month target is scored on October 29, 2026. Same target as this firm’s October 29, 2025 note, so it is scored there.
Firm track recordEvercore: 100% of its 6 targets at least a year old were reached within 12 months (#1 of 20 firms); on NVIDIA, 4 of 4. Accuracy ranking →
Evercore on NVIDIA
Evercore price targets on NVIDIA
8 calls from August 22, 2025 to May 19, 2026. The target went from $214 to $352 (+64%). The rating stayed Buy.
- May 19, 2026Kept the $352 targetBuy$352
- March 17, 2026Kept the $352 targetBuy$352
- January 6, 2026Kept the $352 targetBuy$352
- November 20, 2025Target raised from $261 (+35%)Buy$352
- November 14, 2025 This noteKept the $261 targetBuy$261
- October 29, 2025Target raised from $225 (+16%)Buy$261
- September 23, 2025Target raised from $214 (+5%)Buy$225
- August 22, 2025Earliest call shownBuy$214
