Leading DA Davidson Analyst Raises Nvidia (NVDA) Price Target Following Strong Demand Highlighted at GTC Event
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2025
0mins
Source: TipRanks
Nvidia Stock Surge: Nvidia (NVDA) stock rose 5% following positive updates and collaborations announced at the GTC event, with analysts predicting a market cap nearing $5 trillion and raising price targets significantly.
Analyst Insights: DA Davidson analyst Gil Luria increased his price target for Nvidia to $250, emphasizing the company's leadership in AI compute and potential underestimation of data center revenue growth through Fiscal 2026.
Demand for GPUs: Luria highlighted the expected revenue from Nvidia's upcoming GPU generations, projecting $500 billion from 20 million GPUs, while current market expectations are lower at $366 billion.
Market Consensus: Nvidia stock holds a Strong Buy consensus rating on Wall Street, with 35 Buy recommendations and an average price target of $225, indicating a potential upside of 12%.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 219.510
Low
200.00
Averages
264.97
High
352.00
Current: 219.510
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Historical Buyback Trends: Over the past year, Nvidia has authorized more than $25 billion in stock buybacks, demonstrating a consistent capital return strategy, particularly returning over $41.1 billion to shareholders through buybacks and dividends in fiscal 2026.
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- Rival Emergence: Companies like AMD, Marvell, and Arm are excelling in inference workloads within AI data centers, with projected earnings growth expected to surpass Nvidia, reflecting market preference for their chip architectures.
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- Rise of Custom Chips: As major tech companies recognize the advantages of custom semiconductors for specific AI models, demand for companies like Marvell and Broadcom is increasing, with Broadcom's sales of custom integrated circuits doubling to $8.4 billion in Q1.
- Market Share Advantage: Taiwan Semiconductor holds a 70% market share in global processor manufacturing and an impressive 90% in advanced AI processors, with Q1 sales surging 41% to $35 billion and net income jumping 58% to $3.49 per share.
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- Expanded Client Collaborations: Alphabet has signed a deal with Broadcom to expand its AI data center's Tensor Processing Units (TPUs) designs through 2031, highlighting the increasing reliance of major tech companies on custom chips.
- TSMC's Market Leadership: Taiwan Semiconductor Manufacturing Company (TSMC) holds a 70% market share in global processor manufacturing, with projected sales growth of 30% in 2026, underscoring its critical role in AI hardware demand.
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