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Although Nvidia (NASDAQ: NVDA) has been facing some uncertainty regarding its future sales in China, its overall outlook this year remains broadly positive, per the latest claims on Wall Street.
Namely, Mizuho Securities’ Vijay Rakesh argued in a January 9 note that sustained upside from artificial intelligence (AI) accelerators and wafer fab equipment, as well as optical and memory demand, are still notable tailwinds.
“AVGO, NVDA remain best-positioned to benefit from secular trends in AI accelerator demand as hyperscaler capex is expected up 32% y/y to ~$540B,” Rakesh wrote.
Accordingly, the analyst raised his 2026 Nvidia price target from $245 to $275, reiterating his previous “Outperform” rating. The new figure represents a nearly 48% increase from the press time price of $185.95.
Wall Street’s 2026 Nvidia stock outlook
Raskeh’s revision is one in a series of bullish takes Nvidia has received this week. Yesterday, January 8, Stifel analyst Ruben Roy also reaffirmed his “Buy” rating on Nvidia, setting a $250 price target and citing a “more optimistic tone on China” just as reports of the semiconductor titan’s new upfront-payment policies for Chinese H200 customers started to circulate.
A day earlier, on January 7, Citi maintained its “Buy” rating with a $270 price target following the Consumer Electronics Show (CES), which, according to analyst Atif Malik, reinforced the bank’s confidence in Nvidia’s short- and medium-term outlook.
At the same time, Bank of America’s (BofA) Vivek Arya doubled down on a “Buy” rating with a slightly higher NVDA price target of $275, implying roughly 45% upside over the next year. He highlighted Nvidia’s upcoming Vera Rubin platform, scheduled for the second half of 2026, and the company’s broader AI scaling potential.
All in all, Wall Street optimism remains widespread. Over the past three months, stock analysis platform TipRanks reports 39 “Buy” ratings, with only one “Hold” and one “Sell,” underscoring broad investor confidence in Nvidia’s growth trajectory and the tech sector alike.
At the time of writing, the average Nvidia share price target for the next 12 months is $264.14, suggesting a 42.75% rally by the end of the year.
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