It is undeniable that NVIDIA Corporation (NASDAQ: NVDA) is one of the greatest growth stories ever seen by investors. Its market cap rose from under $1 trillion to over $3 trillion faster than any other company, with the artificial intelligence wave leading investors to riches. Does this mean it is still the greatest opportunity for investors looking into late-2025 and out beyond 2026?
After peaking in mid-2024, NVIDIA shares are down 12.5% so far in 2025 and the stock is now down 23% from its all-time high. That 20% mark marks bearish territory. What is amazing is that very few analysts have downgraded NVIDIA despite the surge to all-time highs last year.
CEO Jensen Huang has outlined millions in physical chip orders for its Blackwell AI chip systems and its next Rubin AI chips culminating into trillions of dollars worth of AI investment ahead.
Oggonomics has tracked many analyst calls with Buy and Outperform ratings equivalent in the wake of NVIDIA’s GTC forecasts:
- $190 at Benchmark
- $200 at BofA Securities
- $200 at Cantor Fitzgerald
- $162 at Morgan Stanley
- $160 at Needham
- $220 at Rosenblatt
- $180 at Susquehanna (Positive)
- $185 at UBS
There are at least twice as many more analyst reports that are likely being updated as well around the GTC conference updates. It has not paid to be a long-term bear in NVIDIA by any stretch of the imagination. That said, and admitting that a lot has been skipped over here, one has to wonder how much NVIDIA shares would need to fall from the present level before analysts start dialing down some of those loft price target.
Mizuho has been one of the firms to trim expectations of late. On March 14, Mizuho maintained its Outperform rating but cut its price target to $168 from $175.
NVIDIA closed up 1.8% at $117.52 on Wednesday.
