- 24/7 Wall St. set a NVIDIA stock price target of $300 following management’s guidance for roughly 70% revenue growth in fiscal 2028
- Nvidia’s Q2 FY27 revenue reached $96.22 billion, up 106% year over year, with Data Center revenue climbing 117% to $89.02 billion
- Despite supply constraints and margin pressures, analysts maintain the $300 target as demand continues to outpace supply
A new Nvidia stock price target of $300 from 24/7 Wall St. follows management’s guidance for roughly 70% revenue growth in fiscal 2028, with shares currently trading near $220. The forecast reflects supply-constrained demand rather than any slowdown, as Nvidia’s Q2 FY27 revenue soared 106% year over year to $96.22 billion.
Data Center revenue alone hit $89.02 billion, up 117% from a year earlier, while non-GAAP earnings per share came in at $2.22 and beat estimates. Jensen Huang, founder and CEO of Nvidia, said: “AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue. And demand is accelerating.”
The Vera Rubin platform is now in full production, and Huang noted that each new chip generation lifts revenue per gigawatt by a wide margin. A cloud backlog above $2 trillion and hyperscaler capex near $1.3 trillion for 2027 underpin the bullish outlook.
Huang addressed the gap between the 70% guidance and actual demand, stating: “While demand is much greater than 70%, our supply allows us to confidently deliver that number, and we will work to close the gap.” However, Q3 guidance excludes China Data Center compute revenue entirely, and supply commitments have grown to $279 billion.
Margins are expected to bottom near 71% to 72% in Q4 as memory pricing tightens, and insider selling has trended net negative lately. Even so, a bear scenario for the Nvidia stock 2026 outlook still lands above today’s share price, keeping the $300 target intact.
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