BMO Capital Reiterates Outperform on NVIDIA, $340 Price Target

August 25, 2026 Analyst: Ambrish Srivastava 1 min read Reproduced verbatim

Rating: Outperform; Unchanged
Target: $340; Unchanged
Upside: +87%; NVDA at $182 today

What the analyst said

BMO Capital analyst Ambrish Srivastava reiterated an Outperform rating and $340 price target on NVIDIA (NASDAQ: NVDA).

“We see NVDA report solid beat/raise results. We see F2Q (July) revenues $2-3 billion above Street $92B, and again $2-3 billion ahead of F3Q (Oct) consensus $104B driven by DC strength.

Sequential revenues accelerating–Q/Q revenues grew ~$4 billion in FY25 then stepped up to $10-12 billion in 2H FY26. We expect revenues to accelerate from Vera Rubin, now ramping in 2H.

As Vera ramps we expect >$10 billion seq increases. Demand remains robust. VR NVL72+Groq3 LPX delivers 35x higher inference throughput compared to GB200 NLV72, leading to higher revenues.”

Disclaimer
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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

This target$340Highest$515Lowest$270Today$182Median$315At the note$208

NVDA trades at $182. The 27 analysts who set a target in the last 3 months range from $270 to $515, with a median of $315. This $340 target is 8% above the median.

Since the note NVDA has moved −13% (from $208). 12-month window: day 72 of 365, closes on August 25, 2027.

Track record

This callOpen: NVDA has not reached $340 yet. This 12-month target is scored on August 21, 2027. Same target as this firm’s August 21, 2026 note, so it is scored there.

Firm track recordToo early to score BMO Capital: price targets are 12-month calls and fewer than 5 of its targets are a year old. 7 of its 20 open targets have already been reached. How we score