Jefferies Raises Nvidia FY2026 Target to $240, Sees 28% Gain

Jefferies lifts Nvidia 2026 target to $240 (~28% upside from $188) but removes it from Franchise Picks

  • Jefferies raised its 2026 price target for NVIDIA from $220 to $240.
  • Nvidia is trading near $188 and Jefferies projects about a $52 gain, roughly 28% upside for 2026.
  • Nvidia leads the AI chip market and supplies AI products to major tech firms, maintaining customer dependence and strong global cash flow.
  • The stock has climbed more than 1,300% over the past five years and sees steady retail and institutional demand.
  • Despite the upgraded target, Jefferies removed Nvidia from its Franchise Picks for 2026.

Jefferies raised its 2026 price forecast for Nvidia, increasing the target from $220 to $240 and citing the company’s dominant position in AI and robust cash flow. Nvidia is trading around $188, and Jefferies projects a potential $52 rise to the new target. The firm noted the company’s AI products keep large tech customers dependent on its services.

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The report highlighted strong global cash flow that supports a profitable balance sheet and revenue stream for Nvidia. The firm also pointed to broad demand: retail and institutional buying has remained active with few sustained trading lulls over the past five years. The stock has risen more than 1,300% during that period.

Jefferies estimated that the upgraded target implies up to a 28% return in 2026 and illustrated the potential with a $1,000 investment growing to $1,280 if the forecast materializes. The coverage recommended accumulation below the $200 range given the expected upside. The firm also noted ongoing competition but emphasized Nvidia’s leadership in AI hardware and software.

The analysis referenced plans to test a robotaxi service in 2027 as one example of broader AI-related activity influencing the company’s outlook. Despite the bullish price upgrade, Jefferies removed Nvidia from its Franchise Picks for 2026.

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