The Stock of Nvidia Could Shoot Up to $800, Says One of Wall Street's Most Bullish Analysts

Despite the considerable surge in Nvidia Corp.'s stock price by nearly threefold this year, analysts remain largely optimistic, with their average price projection indicating a potential 20% increase from the current levels.

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Hans Mosesmann, an analyst at Rosenblatt Securities, holds a notably more ambitious perspective, envisioning a substantially more significant upturn. He recently revised his price target for Nvidia's stock (NVDA, +0.15%) to $800, predicated on his anticipation of an earnings report surpassing expectations and an upward revision next week. Notably, despite the apparent challenges in meeting the intense demand for its artificial-intelligence hardware, Mosesmann projects a positive trajectory for the company.

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While Mosesmann's previous price target of $600 already positioned him as one of the most bullish analysts in FactSet's database, his new $800 target ranks him second, following Warren Lau of Aletheia Capital, who has set a target of $1,000.

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In his analysis, Mosesmann underlines Nvidia's exceptional standing in the realm of software and AI solutions, attributing the company's resilience and potential to the secular trends in AI, autonomous driving, and the metaverse. He believes that Nvidia can navigate hardware challenges and drive consistent software revenue streams.

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Mosesmann's revised price target is based on a 35-times price-to-earnings multiple, applied to a fiscal 2026 earnings-per-share estimate situated in the low-$20 range. This valuation, he asserts, is justified by Nvidia's outstanding software capabilities, which he believes will lead to multi-year earnings growth even in the face of heightened competition. Mosesmann contends that the company's competitive edge and growth potential have yet to be fully factored into the stock price.

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The newly proposed $800 target suggests a potential upside of over 80% from the closing price of $434.86 on Wednesday.

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Amidst a week of increasingly bullish sentiment surrounding Nvidia, Mosesmann was not alone in his positive outlook. Oppenheimer's Rick Schafer also raised his price target for Nvidia's stock, albeit in a more modest manner, from $420 to $500. While acknowledging supply constraints as a near-term limitation, Schafer emphasized Nvidia's preeminent position in the AI landscape, attributing value to the company's long-term growth narrative.

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