You don’t need to spend as much money anymore loading up on Wall Street’s favorite chip stock. Last Friday, Nvidia (NASDAQ:NVDA) completed a 10:1 stock split with the shares now going for a tenth of what they used to cost. Of course, that is just symbolic and doesn’t actually affect the real share price with more shares added into the pot to reflect the split.
While the share price number got smaller, the market cap has been growing and last week Nvidia became only the third company to ever cross the $3 trillion market cap threshold.
According to Oppenheimer’s Rick Schafer, a 5-star analyst ranked in 4th spot amongst the thousands of Wall Street stock pros, there’s still more room to run from here. Schafer has adjusted his price target on NVDA following the split, raising it from $110 to a joint Street-high of $150. This adjustment implies a further 16% potential increase from current levels. It hardly needs mentioning, but Schafer’s rating remains an Outperform (i.e., Buy). (To watch Schafer’s track record, click here)
Nvidia’s roadmap for the next few years is chocka. B100 mass production kicks off in Q4, followed by the launch of the B200, GB200, NVL36, and NVL72. Adhering to its new annual refresh schedule, the semi giant’s Blackwell Ultra SKU is expected in the second half of next year. Ruben, the successor to Blackwell, will debut in 2026 with the R100 lineup, followed by Ruben Ultra in 2027. The Vera CPU, the successor to Grace, is set to launch alongside Ruben in 2026.
Schafer has also updated some estimates, now calling for CY24/25E EPS of $2.62/$3.32 vs. $26.19/$33.19 beforehand (a slight increase when factoring in the 10:1 stock split) and has introduced a CY26E EPS of $4.11.
“We see NVDA as best positioned in AI, benefiting from their full stack AI hardware, networking, and software solutions,” the 5-star analyst summed up.
Schafer is just one of many NVDA bulls on the Street. 36 other analysts join him in the bull camp, significantly outgunning 3 Holds, and all coalescing to a Strong Buy consensus rating. That said, given the constant gains (up 162% year-to-date), the $127.24 average target suggests the shares will stay rangebound for the time being. (See Nvidia stock forecast)
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Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
