Price Prediction: This Will Be Nvidia’s Price in 2029

Quick Read

• Nvidia (NVDA) reported Q1 FY2027 gross of $81.61B, up 85% twelvemonth implicit year, with information halfway income surging 92% to $75.25B, yet shares stay up conscionable 13% twelvemonth to day arsenic China gross guidance dropped to zero and $119B successful proviso commitments spook investors.

• Nvidia shares could scope $400 by 2029 if net grow to $11-13 per stock by fiscal 2028 and the Blackwell AI spot ramp sustains, but a hyperscaler capex intermission oregon inventory buildup against monolithic proviso commitments poses the superior risk.

• Don't wait: the expert who called NVIDIA successful 2010 conscionable revealed his apical 10 AI stocks. See the afloat database FREE now.

NVIDIA (NASDAQ:NVDA) delivered $81.61 cardinal successful Q1 FY2027 revenue, up 85.23% twelvemonth implicit year, with information halfway income hitting $75.25 billion, up 92%. Yet shares are lone up 13.22% twelvemonth to date, sitting astatine $211.14.

CEO Jensen Huang calls this "the largest infrastructure enlargement successful quality history." Can NVIDIA shares scope $400 by 2029?

Why NVIDIA Shares Are Stuck Despite Record Earnings

The disconnect is real. Even aft a blowout quarter, NVDA is down 1.95% implicit the past week and hardly affirmative 0.9% implicit the past month. Three headwinds measurement connected the stock:

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First, China. NVIDIA guided nary Data Center compute gross from China successful Q2 FY27, versus $4.6 cardinal a twelvemonth ago. Second, proviso concerns. NVIDIA carries $119 cardinal successful proviso commitments, a fig that scares investors who retrieve past inventory cycles. Third, volatility. With a beta of 2.24, NVDA moves astir doubly the market, and traders are skittish astatine all-time-high valuations.

Reddit and banal chatter person flagged a 38% diminution successful H200 GPU rental prices done precocious May, raising questions astir whether hyperscaler request is plateauing.

Wall Street Sees 41% Upside. Our Model Says It's Bigger

The Street is bullish. 10 beardown buys, 48 buys, 2 holds, and conscionable 1 sell, with a statement people of $296.81. That's 95% bullish sentiment. Our interior exemplary places base-case just worth astatine $260.60 with 90% confidence, with a bull lawsuit of $301.79 connected a one-year horizon.

Push retired to 2029 and our basal lawsuit checkpoint is $338.39, with the bull lawsuit astatine $388.10. Analysts look excessively blimpish connected 2027 net power. Quarterly net grew 214.5% twelvemonth implicit year, and guardant EPS estimates haven't afloat caught up to the Blackwell ramp.

The Path to $400 Per Share

Reaching $400 from today's terms of $211.14 would necessitate a summation of 89.4%. With guardant EPS of $8, a terms of $400 implies a guardant P/E of 50x. Our basal lawsuit of $260.60 already implies 36x, meaning the bold people requires astir 14x of further aggregate enlargement or, much realistically, EPS maturation that compresses that multiple.