Nvidia Stock Investors Just Got Good News From Wall Street (Hint: It's Time to Buy)
Wall Street underestimated how much hyperscalers would spend on AI infrastructure in 2026, and analysts could be making the same mistake for 2027.
Overview
Nvidia (NASDAQ: NVDA) shares are up 1,390% since the artificial intelligence boom began in January 2023, and Wall Street still thinks the stock is undervalued. Among 65 analysts, the median target price is $300 per share, implying 37% upside from the current share price of $218.
Nvidia shareholders recently got good news from Wall Street. Consensus earnings estimates have recently been revised higher, such that analysts now expect earnings to increase at 44% annually over the next three years. In March, the consensus estimate said earnings would increase at 33% annually over that period.
Details
What changed? Wall Street analysts once again underestimated how much money hyperscalers would spend on AI infrastructure. Here are the important details.
Source
Originally published at www.fool.com.