Almost everyone is an Nvidia (NASDAQ:NVDA) bull these days, and really, who can argue with that? The stock appears to exist on a different plane to the rest of the market, one where the share price is obliged to always only trend in one direction – up.
It has been doing that consistently since the start of 2023 as the AI chip leader has dialed in a series of earnings reports that have exhibited huge strides both on the top-and bottom-line.
The question for investors, is whether there is anything that can halt the stock’s climb? Actually, there really isn’t for the time being, if the latest assessment from one long-standing NVDA bull is anything to go by.
Before Nvidia started piling on the humongous gains, Rosenblatt analyst Hans Mosesmann was pounding the table on the opportunity at play for the chip giant. His projections for NVDA shares have often been the Street’s most optimistic, and in this case, have turned out to be correct.
Now, Mosemann, who ranks in 3rd spot amongst the thousands of Wall Street stock experts, is at again. Based on the expectation Nvidia will already reach a $5.00 EPS-plus level by calendar 2026, he has raised his price target from $140 to a Street-high of $200, suggesting the stock has another 47.5% of gains ahead of it. It hardly needs mentioning, but Mosesmann’s rating on NVDA is a Buy. (To watch Mosesmann’s track record, click here)
So, what’s behind the latest hike? “We see Nvidia’s Hopper, Blackwell, and Rubin series driving ‘value’ market share in one of Silicon Valley’s most successful silicon/platform product cycles,” said the 5-star analyst. “While the future gains in adjacent networking Switch/NiC/DPU share are attractive, the real narrative lies in the software that complements all the hardware goodness. We anticipate this software aspect will significantly increase in the next decade in terms of overall sales mix, with an upward bias to valuation due to sustainability.”
Mosesmann had previously noted that Nvidia is anticipated to lose unit market share to custom ASICs, AMD’s MI300X, and even to Intel’s Gaudi 3. Nevertheless, in terms of sales and ‘value,’ thanks to its emphasis on platform and software stack, the analyst believes Nvidia is “likely to maintain or even increase its market share.”
Turning now to the rest of the analyst community, where Wall Street’s general take on Nvidia offers something of a contradiction. On the one hand, the stock claims a Strong Buy consensus rating, based on a conclusive 38 Buys vs. 3 Holds. However, the $130.29 average target implies the stock is overvalued by ~4%. It will be interesting to see whether other analysts update their models shortly. (See Nvidia stock forecast)
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Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
