Bank of America NVIDIA · NVDA

BofA Securities Keeps Buy on NVIDIA, $350 Price Target

Analyst: Vivek Arya 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$350
Unchanged
Upside
+99%
NVDA at $176 today

5th-highest of 28 current targets on NVIDIA, 11% above the $315 median. Bank of America has reached 75% of its year-old targets (57 scored).

Bank of America and NVIDIA logos

What the analyst said

BofA Securities analyst Vivek Arya reiterated a Buy rating and $350 price target on NVIDIA (NASDAQ: NVDA).

“In case of potential distractions or increased scrutiny at NVDA, other compute suppliers such as AMD, Broadcom and Marvell could gain additional traction.

However if NVDA distractions also increased scrutiny, then any US supplier selling to China including compute, networking, semicap, EDA could face more volatility. Trailing edge suppliers in analog, microcontrollers could be less exposed, in our view.

Friday’s SOX snapshot showed a 37% correction, 13.7x forward PE and a 22% discount to SPX. A historical ~12x trough implied ~12% further downside on unchanged estimates, not a floor. Our cycle work suggested a trough could be within one quarter.

Earnings cuts remain a risk, but policy clarity, quantified resets and buybacks could restore confidence. We remain constructive on recovery as uncertainty becomes measurable.”

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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 $176. The 28 analysts who set a target in the last 3 months range from $200 to $515, with a median of $315. This $350 target is 11% above the median.

12-month window: day 1 of 365, closes on November 10, 2027.

Track record

This callOpen: NVDA has not reached $350 yet. This 12-month target is scored on November 10, 2027.

Firm track recordBank of America: 75% of its 57 targets at least a year old were reached within 12 months (#17 of 26 firms); on NVIDIA, 6 of 7. Accuracy ranking →

Bank of America on NVIDIA

Bank of America price targets on NVIDIA

8 calls from May 13, 2026 to November 10, 2026. The target went from $320 to $350 (+9%). The rating stayed Buy.

Bank of America targetNVDA share price
  1. November 10, 2026 This noteKept the $350 targetBuy$350
  2. August 27, 2026Kept the $350 targetBuy$350
  3. August 26, 2026Kept the $350 targetBuy$350
  4. August 18, 2026Kept the $350 targetBuy$350
  5. June 4, 2026Kept the $350 targetBuy$350
  6. May 21, 2026Target raised from $320 (+9%)Buy$350
  7. May 19, 2026Kept the $320 targetBuy$320
  8. May 13, 2026Earliest call shownBuy$320
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Other analysts on NVIDIA

Yorkville IvesBuy Kept rating and price targetReiterated Nov 11 $300maintained BairdHold Downgraded, cut price target −60%Downgraded Nov 11 $200from $500−60% Wells FargoBuy Cut price target −5%, kept ratingCut target Nov 10 $300from $315−5% MizuhoBuy Cut price target −21%, kept ratingCut target Nov 9 $250from $315−21% RBC CapitalBuy Kept rating and price targetReiterated Nov 9 $330maintained
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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.