What the analyst said
Stifel analyst Ruben Roy lowered the price target on NVIDIA (NASDAQ: NVDA) to $205 (from $315) while maintaining a Buy rating.
“After the close, The New York Times reported that Jensen Huang had a relationship with another NVDA executive, and The Wall Street Journal reported that the board is preparing to remove him as CEO, with Bloomberg adding that a search firm has been engaged, and an interim CEO is under consideration.
Nothing has been announced, but we now treat a leadership transition as our base case. The fundamentals are not the issue as we expect a modest F3Q27 beat on 11/17, supply remains the binding constraint, and we continue to believe FY28 estimates skew higher.
The issue is the multiple. With no successor publicly identified, we would focus on who leads and on what timeline, retention of senior leadership, and channel and export-compliance posture. We reiterate Buy but lower our target to $205 (from $315), now 13x FY28E EPS of $15.65 (from 20x).”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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 $174. The 28 analysts who set a target in the last 3 months range from $200 to $515, with a median of $300. This $205 target is 32% below the median.
12-month window: day 0 of 365, closes on November 11, 2027.
Track record
This callOpen: a 12-month target, scored on November 11, 2027, a year after the note.
Firm track recordStifel: 83% of its 42 targets at least a year old were reached within 12 months (#5 of 26 firms); on NVIDIA, 4 of 4. Accuracy ranking →
Stifel on NVIDIA
Stifel price targets on NVIDIA
8 calls from February 26, 2026 to November 11, 2026. The target went from $250 to $205 (−18%). The rating stayed Buy.
- November 11, 2026 This noteTarget cut from $315 (−35%)Buy$205
- August 27, 2026Target raised from $282 (+12%)Buy$315
- August 19, 2026Kept the $282 targetBuy$282
- May 21, 2026Target raised from $250 (+13%)Buy$282
- March 31, 2026Rating only, no price targetBuyNo target
- March 18, 2026Kept the $250 targetBuy$250
- March 17, 2026Kept the $250 targetBuy$250
- February 26, 2026Earliest call shownBuy$250
Other analysts on NVIDIA
UBSBuy
Kept rating and price targetReiterated · Nov 12
$300maintained
CitiBuy
Cut price target −21%, kept ratingCut target · Nov 12
$225from $285−21%
OppenheimerHold
Downgraded · Nov 12
MizuhoBuy
Kept rating and price targetReiterated · Nov 11
$250maintained
BernsteinHold
Downgraded, cut price target −50%Downgraded · Nov 11
$200from $400−50%