TLDR
- Baird reiterated Nvidia as Outperform and raised its price target from $275 to $300
- Wedbush also raised its target to $300, up from $230, maintaining its Outperform rating
- Both firms cite Q1 guidance as a key driver, which exceeded buy-side forecasts
- Nvidia has stopped production of China-bound chips and reallocated TSMC capacity to next-gen Vera Rubin hardware
- NVDA currently trades at $183, up over 1,100% in the past three years
Nvidia’s latest quarter delivered record revenue of $68 billion, a 73% year-over-year increase, and Wall Street is taking notice.
Baird reiterated its Outperform rating on Nvidia on February 26, raising its price target from $275 to $300. The firm pointed to data center revenue reaccelerating to nearly twice its previous growth rate, and said virtual reality performance is outpacing industry peers.
That same day, Wedbush made the same move — lifting its price target from $230 to $300 while keeping its Outperform rating intact.
Both price targets represent upside of more than 69% from current levels.
Wedbush flagged Q1 guidance as the real standout from Nvidia’s recent results. The firm said the outlook exceeded prior buy-side forecasts by a wide margin.
Baird updated its model to reflect the strong segment-level results, particularly in data center and virtual reality.
At current levels, NVDA trades around $183, giving the company a market cap of approximately $4.4 trillion. Its 52-week range sits between $86.62 and $212.19.
The stock is currently priced at 22x forward earnings estimates, which some analysts view as low given its growth trajectory.
China Capacity Reallocated to Vera Rubin
Nvidia has stopped making chips intended for the Chinese market, according to a Financial Times report published March 5.
The company has redirected manufacturing capacity at TSMC away from H200 chips and toward its next-generation Vera Rubin platform.
Two people with knowledge of the matter told the FT that Nvidia is betting U.S. and Chinese regulatory barriers will continue to limit sales to China indefinitely.
The Vera Rubin platform is expected to launch later in 2026, part of Nvidia’s stated goal to refresh its GPU lineup on an annual basis.
What the Price Targets Mean
Getting from $183 to $300 would require a roughly 64% gain from current levels.
One analyst tracking the stock predicts Nvidia could reach around $250 this year, representing a 37% gain from its March 2 close.
The same analyst noted that $300 is possible if broader market conditions improve and investor uncertainty clears, though called the $250 scenario more realistic near-term.
Demand for earlier GPU generations — Blackwell and Blackwell Ultra — has been strong, and cloud companies continue to invest heavily in AI infrastructure.
Nvidia’s pledge to release annual GPU updates keeps a steady pipeline of new products in front of customers looking to stay current with AI hardware.
As of March 5, NVDA is trading at $183.08, up 1.68% on the day.
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