Nvidia Could Hit $340 by 2031 and the AI Buildout Is Just Getting Started

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By Vandita Jadeja Updated Published

Quick Read

  • Nvidia (NVDA) reported Q4 FY2026 revenue of $68.13B, up 73.21% year-over-year, with full-year FY2026 revenue reaching $215.94B and free cash flow of $96.58B, up 58.7%, while the 24/7 Wall St. price target of $209.50 reflects 90% confidence and 95% analyst bullish consensus.

  • China export restrictions and Q1 FY2027 guidance excluding all Data Center revenue from China are temporary headwinds, while Nvidia’s Blackwell and Vera Rubin architecture roadmaps and strategic partnerships with Meta, OpenAI, and CoreWeave position the company to sustain competitive advantages through 2030.

  • The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.

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Nvidia Could Hit $340 by 2031 and the AI Buildout Is Just Getting Started

© 24/7 Wall St.

NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) has delivered one of the most remarkable growth stories in semiconductor history, but with the stock trading at $177.47 and a five-year return of 1,247.77%, investors are asking: where will it be by 2030?

The 24/7 Wall St. Price Target for NVIDIA over a one-year horizon is $209.50, representing 18.05% upside from the current price. The 24/7 Wall St. model assigns a confidence level of 90% to this price target.

Metric Value
Current Price $177.47
24/7 Wall St. Price Target (1-Year) $209.50
Upside 18.05%
Model Signal Bullish
Confidence Level 90%

Our 5-year base case target reaches $298.29, with a bull case extending to $340.44 by 2031.

A Pullback From Recent Highs

NVIDIA has retreated from its $212.17 52-week high, falling 6.04% year-to-date and 7.36% over the past month. That pullback comes despite a strong Q4 FY2026 earnings report filed on February 25, 2026: revenue of $68.13 billion, up 73.21% year-over-year, and non-GAAP EPS of $1.62 against a consensus estimate of $1.52. Full-year FY2026 revenue reached $215.94 billion, up 65.47%.

The stock traded near $195.95 at the time of that filing post-earnings and has since drifted lower on macro concerns and Q1 FY2027 guidance that explicitly excludes Data Center compute revenue from China. That exclusion, combined with supply constraints expected to weigh on Gaming, explains the weakness despite exceptional underlying results.

A close-up, high-angle view of a dark circuit board with various electronic components. A central square processor glows bright blue with the letters 'AI' prominently displayed. Numerous other smaller components and circuit traces across the board emit a warm, pulsing orange light, indicating active data processing and connectivity. The image has a shallow depth of field, with parts of the foreground and background blurred.
Anggalih Prasetya / Shutterstock.com

The Case for $300 and Beyond

The bull case through 2030 rests on several converging forces. The Blackwell and Vera Rubin architecture roadmap sustains a competitive moat. The Vera Rubin platform delivers up to 10x reduction in inference token cost versus Blackwell, and each new architecture cycle compresses cost per token, historically expanding demand.

Key partnerships include a multiyear agreement with Meta Platforms (NASDAQ:META) covering millions of Blackwell and Rubin GPUs, a strategic deal with OpenAI to deploy at least 10 gigawatts of NVIDIA systems, and a CoreWeave collaboration targeting more than 5 gigawatts of AI factories by 2030. The Automotive segment, which generated $604 million in Q4 FY2026, was forecast to grow toward roughly $5 billion annually, with partnerships targeting 100,000 level-4-ready vehicles by 2027.

Analyst consensus reflects this optimism: 95% of covering analysts are bullish, with 59 buy or strong buy ratings versus just 1 sell. The average analyst price target is $269.23. Our 5-year bull case reaches $340.44.

What Could Go Wrong

Three risks define the bear case. First, China export restrictions are already material. Q1 FY2027 guidance excludes all Data Center compute revenue from China, and the $4.5 billion H20 charge in Q1 FY2026 showed how quickly geopolitical decisions impair near-term results.

Second, NVIDIA trades at a trailing P/E of 35x and a forward P/E of 21x. Any deceleration in AI infrastructure spending or multiple compression from competing custom silicon could hit hard given the stock’s beta of 2.38. Third, reliance on TSMC creates concentration risk. The bear case 5-year scenario yields only $187.58.

That said, the China exclusion and near-term supply constraints are temporary headwinds, not structural deterioration. Free cash flow reached $96.58 billion for FY2026, up 58.7%, and the company returned $41.1 billion to shareholders with $58.5 billion in remaining repurchase authorization.

The Bottom Line

The 24/7 Wall St. Price Target of $209.50 reflects a model output for a business currently trading below its 52-week high, supported by 90% confidence and near-unanimous analyst support. The model’s output is driven by NVIDIA’s position at the center of multiple converging AI infrastructure cycles. The stock is sitting 27% below its 52-week high, a factor that contributed positively to the 247Factor calculation.

NVIDIA Price Predictions: 2026 to 2030

Applying our base-case annualized return of 10.94% from the current 1-year target:

Year 24/7 Wall St. Price Target
2026 $209.50
2027 $232.42
2028 $257.85
2029 $286.06
2030 $298.29

The 2030 base case of $298.29 aligns with our model’s 5-year predicted price. Upside beyond $340 is possible if Vera Rubin and autonomous vehicle segments scale faster than expected. Downside risk remains concentrated in regulatory and geopolitical scenarios that restrict NVIDIA’s addressable market.

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About the Author Vandita Jadeja →

Vandita Jadeja is a financial copywriter who loves to read and write about stocks. She believes in buying and holding for long term gains. Her knowledge of words and numbers helps her write clear stock analysis. She has contributed to several publications, including the Joy Wallet, Benzinga, The Motley Fool and InvestorPlace.

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