Price Prediction: Will Nvidia Hit $350 in 2027?
Wall Street's average target already implies 40% upside for Nvidia, yet one scenario pushes far beyond what analysts have priced in. The math is simpler than you'd expect, and the catalysts are already in motion.
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NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) has quietly rebuilt its momentum in 2026. Shares are up 16.79% year to date and 14.49% in the past month alone, closing at $217.55 on August 28.
The August 26 earnings report reset the bull narrative: $96.22 billion in revenue, growth of 105.85% year over year, and Data Center revenue of $89.02 billion. CEO Jensen Huang framed the moment plainly: “AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue.” Let’s walk through what NVIDIA needs to do to hit $350 per share in 2027.
Wall Street Is Bullish, But $350 Sits Above Consensus
The Street’s average 12-month target is $305.79, with 48 Buy and 10 Strong Buy ratings against just 1 Sell. That target implies roughly 40% upside from here, so analysts are already leaning aggressively bullish. Analysts have yet to price in management’s guidance that fiscal 2028 revenue will grow “approximately 70%” against a backlog Huang called “supply-constrained.”
NVIDIA has now beaten EPS estimates for five consecutive quarters, most recently by 6.29%. When a company routinely outruns forecasts and guides above them, reported numbers tend to come in higher than the current model.
Here’s the Math Behind $350 Per Share
NVIDIA trades at a forward P/E of 26 on an EPS base of $7.91. If the stock hits $350, it would trade at roughly 35 times trailing earnings, a premium to the S&P 500’s forward multiple near 22 but well inside NVIDIA’s own historical range.
The path only requires forward EPS to reach roughly $10, which lines up with the model’s forward EPS of $9.91. Multiply that by a 35x multiple and you land at $350.
What could push NVDA to $350?
- Vera Rubin ramp: Management expects it to be “the fastest product ramp in NVIDIA’s history,” with per-gigawatt revenue rising from $25 billion on Blackwell to $40 billion on Vera Rubin.
- Hyperscaler capex: Top-five hyperscaler spending is projected at “nearly 800 billion in 2026 and 1.3 trillion in 2027.”
- Frontier lab financing: Partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR are set to mobilize “over $500 billion of third-party capital”.
- Buybacks: $99 billion remains authorized, with $26 billion returned in Q2 alone.
NVIDIA’s History Says $350 Is Well Within Range
A move from $217.55 to $350 requires roughly 61% appreciation. NVDA has posted major annual gains repeatedly in prior cycles. Over five years, the stock is up 864.36%.
At a $5.25 trillion market cap, repeating triple-digit gains is harder, but a 60% year is squarely in character.
Bottom Line on $350
Reaching $350 requires roughly 61% upside, versus Wall Street’s implied 40% and the internal bull-case forecast of $342.77 by August 2027.
Supply is a governor and China Data Center revenue is excluded from guidance, but with fiscal 2028 revenue guided to approximately 70% growth, Vera Rubin in full production, and five straight beats behind them, the blueprint is clear. Returns like these shouldn’t be expected every year, but the path to $350 in 2027 is drawn.
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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.
