TLDR
- Baird upgraded its Nvidia price target to $300 from $275 while maintaining Outperform rating
- Wedbush similarly increased its target to $300 from $230, keeping Outperform status
- Q1 forward guidance significantly surpassed Wall Street buy-side expectations
- The chipmaker has ceased China-focused chip production, shifting TSMC capacity toward Vera Rubin platform
- Shares currently trading at $183, marking over 1,100% growth over three years
The semiconductor powerhouse posted remarkable quarterly results with $68 billion in revenue, marking a robust 73% year-over-year surge, capturing significant attention from Wall Street analysts.
On February 26, Baird confirmed its Outperform stance on Nvidia while elevating its price target from $275 to $300. The investment firm highlighted data center revenue acceleration reaching nearly double its prior growth velocity, while noting the company’s virtual reality segment is outperforming industry competitors.
Wedbush mirrored this action on the same date, advancing its price target from $230 to $300 and preserving its Outperform designation.
Both projections suggest potential upside exceeding 69% from present trading levels.
According to Wedbush, the forward Q1 guidance emerged as the most impressive element of Nvidia’s quarterly report. The firm emphasized that management’s outlook substantially exceeded previous buy-side analyst predictions.
Baird revised its financial models to incorporate the robust performance across key business segments, especially data center operations and virtual reality.
Currently, NVDA hovers around $183, positioning the company’s market capitalization near $4.4 trillion. The stock’s 52-week trading range spans from $86.62 to $212.19.
Shares are presently valued at 22x forward earnings projections, a multiple that several analysts consider modest relative to the company’s expansion trajectory.
China Capacity Reallocated to Vera Rubin
Nvidia has discontinued production of semiconductor chips designed for Chinese customers, based on a Financial Times report from March 5.
The technology leader has repurposed its manufacturing allocation at TSMC, shifting away from H200 chip production toward its upcoming Vera Rubin architecture.
Two sources familiar with the situation informed the FT that Nvidia anticipates ongoing U.S. and Chinese regulatory restrictions will persistently constrain China market access.
The Vera Rubin platform is slated for release in late 2026, aligning with Nvidia’s commitment to annual GPU architecture refreshes.
What the Price Targets Mean
Reaching the $300 milestone from the current $183 level would necessitate approximately a 64% appreciation.
One market analyst following the stock projects Nvidia could achieve roughly $250 by year-end, implying a 37% advance from its March 2 closing price.
The same analyst suggested $300 remains achievable should broader market sentiment strengthen and investor hesitation dissipate, though characterized the $250 projection as more attainable in the near term.
Demand for previous-generation GPU architectures — including Blackwell and Blackwell Ultra — remains robust, while cloud computing providers continue substantial AI infrastructure investments.
Nvidia’s commitment to yearly GPU generation releases maintains a consistent product roadmap for customers seeking cutting-edge AI hardware capabilities.
As of March 5, NVDA is trading at $183.08, gaining 1.68% during the session.
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