What the analyst said
Bernstein SocGen Group analyst Stacy Rasgon reiterated a Market Perform rating and $200 price target on NVIDIA (NASDAQ: NVDA).
“First with a bang, then a whimper… NVIDIA’s Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately following the past week’s allegations of his behavior.
Current CFO Colette Kress has been appointed as interim CEO while the Board searches for a permanent replacement both internally and externally (Colette will maintain her CFO role as well). The Board also appointed current board member (since 1993) Harvey C. Jones as Chair of the Board.
The company will report earnings as scheduled next week on November 17 (there was no preannouncement accompanying today’s news). So what now? On the positive Colette should be able to keep things running for now and we aren’t really worried about near-term impacts to the business as a result of the events of the past week, and of course the shares screen extremely cheap.
That being said, we see considerable uncertainty around further newsflow that is probably going to be coming down the pipe, as well as the ability of any new CEO to truly fill Jensen’s shoes given how tightly he managed the direction of the business and its relationships with customers, suppliers, employees, and the broader industry ecosystem.
The uncertainty proved too much for us; we moved to the sidelines on the stock last night as a result (more of our broader thoughts can be found in that note). Nothing would give us more pleasure than being able to revisit the story at some point, but we are having a hard time advocating stepping in here.”
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Where the price stands
NVDA trades at $163. The 32 analysts who set a target in the last 3 months range from $170 to $515, with a median of $260. This $200 target is 23% below the median.
12-month window: day 1 of 365, closes on November 13, 2027.
Track record
This callOpen: NVDA has not reached $200 yet. This 12-month target is scored on November 11, 2027. Same target as this firm’s November 11, 2026 note, so it is scored there.
Firm track recordBernstein: 80% of its 25 targets at least a year old were reached within 12 months (#11 of 28 firms); on NVIDIA, 4 of 4. Accuracy ranking →
Bernstein on NVIDIA
Bernstein price targets on NVIDIA
8 calls from March 17, 2026 to November 13, 2026. The target went from $300 to $200 (−33%). The rating moved from Buy to Hold.
- November 13, 2026 This noteKept the $200 targetHold$200
- November 11, 2026Downgraded to Hold, target cut from $400 (−50%)Hold$200
- November 9, 2026Kept the $400 targetBuy$400
- August 27, 2026Target raised from $315 (+27%)Buy$400
- May 21, 2026Target raised from $300 (+5%)Buy$315
- March 23, 2026Rating only, no price targetBuyNo target
- March 18, 2026Kept the $300 targetBuy$300
- March 17, 2026Earliest call shownBuy$300
Other analysts on NVIDIA
HSBCHold
Downgraded · Nov 13
$170
Wells FargoBuy
Kept rating and price targetReiterated · Nov 13
$300maintained
KeyBancHold
Kept ratingReiterated · Nov 13
NeedhamBuy
Cut price target −33%, kept ratingCut target · Nov 13
$200from $300−33%
BarclaysBuy
Cut price target −24%, kept ratingCut target · Nov 13
$210from $275−24%