DA Davidson Analyst Skyrockets Nvidia (NVDA) Price Target - GTC Event Confirms Explosive Demand

Nvidia's AI dominance just got another massive vote of confidence.

The Analyst Stampede

DA Davidson joins the growing chorus of Wall Street firms boosting their Nvidia targets. The GTC developer conference showcased overwhelming demand that even the most optimistic projections might be underestimating.

Supply Can't Keep Up

Every enterprise wants Nvidia's chips - from tech giants to automotive companies. The hunger for AI processing power shows no signs of slowing, creating a classic supply-demand imbalance that favors the king of GPUs.

The Street's Dilemma

Analysts keep playing catch-up while Nvidia keeps delivering. It's almost like trying to predict where a rocket will land when you're still calculating its launch trajectory. Another quarter, another price target increase - Wall Street's favorite recurring revenue stream.

When the biggest names in finance keep raising targets while complaining about valuation, maybe the problem isn't the stock - it's their outdated valuation models trying to price exponential growth.

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NVDA stock was up 3.2% in Wednesday’s pre-market trading.

Top Analyst Reaffirms Bullish Stance on NVDA Stock

Luria highlighted that Nvidia continues to demonstrate that it is the leader in AI compute while expanding across several industries and use cases from quantum computing to telecommunications. Furthermore, the 5-star analyst believes that the market is currently discounting upside to Nvidia’s data center revenue through Fiscal 2026.

Additionally, Luria continues to believe the market may be underestimating the “insatiable demand” for compute. He noted that Nvidia’s management expects the Blackwell and Rubin generations in 2025 and 2026 to generate $500 billion in revenue from the sale of 20 million GPUs, with 6 million GPUs already shipped. Interestingly, Wall Street currently expects Nvidia’s data center revenue over the same period to be around $366 billion, with the company’s guidance now about 37% higher than the consensus forecast, noted Luria.

Also, Luria contends that the market isn’t fully recognizing the potential upside in these estimates. The analyst remains confident about the capabilities of Nvidia’s existing and future models, and believes that the current level of demand for computing power from companies like OpenAI is justified. Luria doesn’t believe that the industry is reaching levels that can be characterized as “overbuilding.”

Interestingly, Luria ranks No. 510 among more than 10,000 analysts on TipRanks. He has a success rate of 57%, with an average return per rating of 16.9% over a one-year period.

Is NVDA Stock a Good Buy?

Nvidia stock scores Wall Street’s Strong Buy consensus rating based on 35 Buys, one Hold, and one Sell recommendation. The average NVDA stock price target of $225 indicates 12% upside potential.