5-Star Analyst Tweaks Nvidia Stock Price Target for 2027

What happened

Wells Fargo analyst Joe Quatrochi cut his Nvidia price target to $300 from $315 but kept a Buy rating. He said the company may still show solid upside in its fiscal third quarter and reassure investors about AI investment, while supply capacity and demand beyond 2028 remain key questions.

Confirmed

Global impact / market context

A reassuring quarter could support customer confidence and continued spending on AI chips, helping Nvidia’s sales outlook. But if production capacity cannot scale or demand beyond 2028 is unclear, customers may hesitate, making future revenue less certain; the analyst also views the CEO investigation as a continuing overhang.

Analyst inference

The note presents a mixed picture: the lower target signals a more cautious valuation view, while the unchanged Buy rating and positive longer-term estimates show continued optimism. The analyst says demand destruction—customers substantially cutting purchases—appears unlikely, but flags capacity and long-range demand as unresolved.

Analyst inference

What to watch

1. Nvidia’s fiscal third-quarter results and commentary could show whether the company delivers the upside and reassurance about the AI investment cycle described by the analyst. Analyst inference
2. Updates on production capacity scaling would indicate whether Nvidia and its supply chain can meet demand without limiting chip shipments or revenue growth. Analyst inference
3. Evidence about demand beyond 2028, including any signs of customers reducing purchases, would test the analyst’s view that longer-term demand remains durable. Analyst inference

Evidence

• gurufocus.com