Nvidia Just Wins Street-High Target of $300 -- Should You Buy NVDA Stock Now?

Cantor Fitzgerald analyst C.J. Muse reaffirmed Nvidia (NASDAQ:NVDA) as his top pick in AI hardware, raising the price target to a Street-high of $300 from $240, implying over 55% upside. Muse projects Nvidia will maintain approximately 75% of the AI accelerator market, with growth visibility extending through the next decade, bolstered by its partnership with OpenAI for self-hosted hyperscale data centers. He forecasts Nvidia's EPS could reach $8 in 2026 and $11 in 2027, potentially $50 by 2030, driven by an anticipated $4 trillion global AI spending expansion.

Analysis

Cantor Fitzgerald analyst C.J. Muse reaffirmed Nvidia (NVDA) as his top pick in the artificial intelligence hardware space, significantly boosting its price target to a Street-high of $300 from $240, which implies over 55% upside from the current $192.57. This bullish outlook is anchored in Nvidia's pivotal role within the nascent stages of a multi-trillion-dollar global AI infrastructure buildout.

Muse projects Nvidia will sustain approximately 75% market share in the AI accelerator market, with growth visibility extending through the next decade. The company's strategic partnership with OpenAI to develop self-hosted hyperscale data centers is seen as a key move to deepen its leadership and reduce reliance on third-party providers.

The analyst's earnings per share forecasts are notably aggressive, predicting $8 in 2026 and $11 in 2027, with a potential path to $50 by 2030, driven by an anticipated $4 trillion expansion in global AI spending. While Cantor's target is highly optimistic, the average analyst target from 54 analysts is $215.19, implying 11.75% upside, contrasting with GuruFocus's GF Value of $321.25, which suggests 66.82% upside.

Key Decisions for Investors

• Investors should evaluate Nvidia's strong positioning in the rapidly expanding AI infrastructure market, considering the significantly raised Street-high price target and the analyst's long-term growth projections.
• Monitor Nvidia's ability to maintain its dominant 75% AI accelerator market share and the successful execution of strategic partnerships, such as with OpenAI, which are critical for sustaining its competitive advantage.
• While the analyst's EPS forecasts are exceptionally bullish, investors should contextualize these against the broader Wall Street consensus and other valuation metrics like the GuruFocus GF Value to form a comprehensive risk-reward assessment.