TLDR
- Tigress Financial’s Ivan Feinseth raised his 12-month NVDA price target to $360, up from $350
- At $360, Nvidia’s market cap would approach $9 trillion — nearly double its current $4.46 trillion
- NVDA currently trades at around $183, roughly 22x forward earnings — in line with the S&P 500
- Feinseth projects $405.55B in revenue and $200.98B in net operating profit over the next 12 months
- The next key catalyst is Nvidia’s GTC conference, March 16–19
Nvidia has spent months going sideways. After a monster run, the stock has been stuck in range-bound trading as the broader AI hype cycle cools. But one analyst thinks the lull is temporary — and the upside could be enormous.
Ivan Feinseth of Tigress Financial Partners raised his 12-month price target on NVDA to $360 on Thursday, up from $350, while reiterating a Strong Buy rating. That target sits well above the Wall Street consensus of $272.16, tracked by FactSet, and is the highest price target among all analysts covering the stock.
NVDA closed recently around $183. A move to $360 would represent roughly a 97% gain from current levels.
Feinseth’s bull case leans heavily on Nvidia’s position in the AI infrastructure buildout. He points to hyperscalers and cloud providers committing over $650 billion in capital investment for 2026 alone, with Nvidia capturing a large portion of that spend.
Looking further out, Feinseth cites an estimated $3–4 trillion in AI infrastructure spending by 2030 as the long runway behind his thesis.
The Numbers Behind the Target
To arrive at $360, Feinseth applies a multiple of 30x to his EBITDAR forecast of $290.78 billion, and 44x to his posttax net operating profit estimate of $200.98 billion. He also projects $405.55 billion in revenue over the next 12 months.
Those are big numbers. But Feinseth argues they’re grounded in Nvidia’s Q4 2026 results, which he says showed expanding AI dominance backed by the Blackwell product ramp and the Vera Ruben platform — the latter expected to lift Nvidia’s $500 billion-plus AI pipeline while holding margins steady despite memory cost inflation.
Valuation Looks Different Now
One thing that’s changed: Nvidia is no longer priced like a hypergrowth stock. NVDA now trades at less than 22x forward earnings, roughly in line with the broader S&P 500.
That’s a striking stat given that Nvidia’s earnings are forecast to grow 69% over the next 12 months — far ahead of the market average.
For the stock to break out of its current range, the broader market would likely need to warm back up to large-cap tech. The group has been out of favor for months.
There’s also competition to watch. Broadcom (AVGO) and Advanced Micro Devices (AMD) are both seen as credible challengers in the AI chip space, and their progress could weigh on investor sentiment toward Nvidia.
The stock has gained 3.5% over the past week and 5.3% over the past month. Over the past year, NVDA is up 65.9%.
The next major event on the calendar is Nvidia’s GTC conference, scheduled for March 16–19, where the company is expected to show off new hardware. Analysts say that event could be a key test of whether the most optimistic projections for the stock have legs.
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