Loop Capital sees a massive gain ahead for shares of Nvidia . The investment firm maintained its buy rating but hiked its price target for the AI poster child to $350 per share from $250, representing a new upside of 73%. Analyst Ananda Baruah expects Nvidia will double its graphic processing unit shipments over the next 12 to 15 months to 2.1 million by the January quarter of 2026. He added that average selling prices are likely to expand as well. NVDA YTD mountain NVDA YTD chart “Our work suggests we are entering the next ‘Golden Wave’ of Gen AI adoption and NVDA is at the front-end of another material leg of stronger-than-anticipated demand,” the analyst wrote. To be sure, Baruah noted potential risks to Nvidia’s upward trajectory, including real estate and power constraints as well as legislation that could “impact Gen AI revenue generation.” Still, he thinks that “in 12 months NVDA will still be in the midst of the Blackwell cycle ramp and that investors will pay for that accordingly,” the analyst added. “We also believe that as investors digest what CY2027 shapes up to look like… it will be realized that $400 is ultimately in NVDA’s sights.” Shares of Nvidia have already rallied 51% this year. They gained 2% in the premarket Monday. Analysts are generally bullish on Nvidia. Of the 66 who cover the stock, 60 rate it a buy or strong buy, per LSEG. The average price target on shares implies upside of more than 11%.
