Key Highlights
- Baird maintains Outperform rating while elevating price target from $275 to $300
- Wedbush increases target to $300 from $230, keeping Outperform rating
- Q1 guidance surpassed buy-side expectations by substantial margin
- Manufacturing capacity previously allocated to China-bound chips now supports Vera Rubin development
- NVDA shares trade at $183, reflecting 1,100%+ growth over three-year period
Nvidia posted exceptional quarterly results with revenue reaching $68 billion, marking a 73% year-over-year climb that captured Wall Street’s attention.
On February 26, Baird maintained its Outperform stance on Nvidia while pushing its price target upward from $275 to $300. The firm highlighted data center revenue reaccelerating to almost double its prior growth velocity, while noting virtual reality performance surpassing competitors.
Wedbush matched this move on the same date, upgrading its price target from $230 to $300 and maintaining its Outperform designation.
Each price target implies potential upside exceeding 69% from present trading levels.
Wedbush emphasized Q1 guidance as the most impressive element from Nvidia’s quarterly report. The firm observed the forecast significantly exceeded previous buy-side projections.
Baird revised its financial model to incorporate the robust segment performance, especially within data center and virtual reality divisions.
NVDA currently changes hands around $183, providing the company with roughly $4.4 trillion in market capitalization. The stock’s 52-week range extends from $86.62 to $212.19.
Shares trade at 22x forward earnings estimates, a valuation multiple several analysts consider modest relative to growth potential.
Manufacturing Focus Shifts to Vera Rubin Platform
Nvidia has halted production of chips designed for Chinese customers, based on a Financial Times article released March 5.
The chipmaker has reassigned TSMC manufacturing resources from H200 chips to its upcoming Vera Rubin architecture.
Two sources familiar with the situation informed the FT that Nvidia anticipates U.S. and Chinese regulatory obstacles will persistently restrict Chinese market access.
The Vera Rubin platform is scheduled for release during 2026, aligning with Nvidia’s commitment to annual GPU architecture updates.
Understanding the Upside Potential
Reaching $300 from $183 would deliver approximately 64% appreciation from present price levels.
One equity analyst following the company forecasts Nvidia could approach $250 within this calendar year, representing 37% growth from its March 2 closing price.
The same analyst suggested $300 remains achievable should broader market sentiment strengthen and investor concerns diminish, though characterized the $250 target as more attainable in the near term.
Customer appetite for previous GPU generations — Blackwell and Blackwell Ultra — remains robust, while cloud providers maintain substantial capital allocation toward AI infrastructure.
Nvidia’s commitment to yearly GPU refreshes ensures a continuous stream of advanced products for customers seeking cutting-edge AI hardware.
As of March 5, NVDA trades at $183.08, gaining 1.68% during the session.
