TLDR
- Cantor Fitzgerald reiterated a Buy rating on NVDA with a $350 price target, implying 55% upside
- NVDA fell 2.1% Tuesday, pulled down by rising oil prices linked to Middle East tensions
- Q2 FY27 revenue hit $96.22 billion, up 105.9% year over year, beating estimates
- Wall Street consensus is Strong Buy with an average price target of $325.23, implying 44.1% upside
- Director Mark Stevens sold over 1 million NVDA shares worth roughly $235.6 million on September 3-4
Nvidia stock dropped 2.1% on Tuesday, closing around $225.73 when it opened Wednesday morning. Rising oil prices tied to Middle East tensions dragged on broader market sentiment, pulling NVDA lower along with it.
Despite the dip, Cantor Fitzgerald analyst C.J. Muse held firm. He reiterated a Buy rating on NVDA with a price target of $350. That implies roughly 55% upside from Tuesday’s close. Muse ranks No. 9 among more than 12,500 analysts tracked on TipRanks, with a 72% success rate and an average return of 78.1% per rating over one year.
Muse’s view is simple: AI infrastructure demand is not slowing down. He sees Nvidia trading at the cheapest valuation multiple among compute names based on 2028 earnings per share estimates. He also noted that NVDA remains under-owned by hedge funds and long-only managers, which he sees as room to grow.
Strong Earnings Back the Bull Case
Nvidia reported Q2 FY27 results on August 26th. Revenue came in at $96.22 billion, up 105.9% year over year, beating analyst estimates of $92.27 billion. EPS hit $2.22, topping the consensus of $2.09 by $0.13.
Net margin stood at 63.66%, and return on equity reached 96.04%. Management reaffirmed an expectation of roughly 70% revenue growth for fiscal 2028.
BMO Capital analyst Harsh Kumar also reiterated a Buy on NVDA with a $340 price target following a post-earnings call with the company’s investor relations team. He pointed to that same 70% growth target as a key reason for confidence.
Insider Sales Draw Attention
Not everything is pointing in the same direction. Director Mark Stevens sold over 1.02 million NVDA shares between September 3rd and 4th for around $235.6 million, cutting his direct ownership by roughly one-third.
In total, insiders sold approximately 2.59 million NVDA shares worth about $571 million over the past three months. The sales were made under pre-arranged Rule 10b5-1 trading plans, which are scheduled in advance and do not necessarily reflect a view on the company’s near-term outlook.
On the institutional side, 65.27% of NVDA is held by institutional investors. TriaGen Wealth Management raised its position by 23.4% in Q2, adding 9,412 shares to hold 49,597 worth about $9.9 million.
Wall Street’s overall consensus on NVDA sits at Strong Buy, based on 29 unanimous Buy ratings. The average price target of $325.23 implies 44.1% upside. The stock has gained more than 21% year to date.
Nvidia also declared a quarterly dividend of $0.25, to be paid October 1st to shareholders of record as of September 10th. The company’s $80 billion buyback program, announced in May, remains active.
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