Top Analysts Sees Solid Upside in Nvidia Stock (NVDA) after GTC Event

Nvidia NVDA -3.28% ▼ stock didn’t see any major rise despite product updates and new partnership announcements at the GTC 2026 event. While investors’ reaction was lukewarm, the event reinforced the bullish thesis of several top analysts. Truist analyst William Stein reiterated a Buy rating on Nvidia stock and raised his price target to $287 (66% upside potential) from $283, citing key updates from the chip giant and its strong data center backlog.

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Additionally, Barclays analyst Thomas O’Malley reaffirmed a Buy rating on Nvidia stock with a price target of $275 (59% upside potential). The 5-star analyst highlighted three key takeaways from the GTC event

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• Agentic AI has arrived, with a focus on OpenClaw and NemoClaw, and will bolster the importance of AI factories and performance per watt as the major metric

• Power is one of the most vital aspects for data centers and product roadmaps

• Copper has strong growth potential ahead, with Nvidia’s Feynman architecture using more copper in-rack as it scales.

O’Malley added that the GTC 2026 event included some surprises, such as the rollout of Groq LPU as early as Q3 2026, with expectations that this product will represent up to 25% of the compute in high-end inference workloads.

Truist Analyst Highlights Key Updates from Nvidia’s GTC Event

Stein highlighted three key takeaways from the second day of the GTC event, “The Super Bowl of AI:”

• Management called 2025 “the year of inference,” with the market transitioning from training-centric builds to production inference at scale. The 5-star analyst noted three demand drivers mentioned by the company: generative AI accelerating demand for tokens; OpenClaw (which NVDA supports through NeMoClaw) creating a “ChatGPT moment” for Agentic AI, which is expected to further boost demand for tokens; and the rapid growth in the number and depth of physical AI projects (autonomous driving and humanoid robotics).

• Inference requires dominance in “tokenomics” (tokens/sec/watt), and the semiconductor company is addressing this requirement with new systems based on its rack-scale Vera Rubin platform and a heterogeneous design that enables customers to mix and match five different resource racks.

• Noting Nvidia’s update about revenue visibility of $1 trillion based on orders for Blackwell and Vera Rubin systems through 2027 (up from $500 billion through 2026 last year), Stein stated that the company’s backlog is growing amid rising demand and better products. Given that the Street’s data center revenue estimate is $950 billion from 2025-2027, Stein sees “at least modest upside” in 2026 and 2027. Considering management’s comments, the analyst raised his calendar year 2027 data center revenue estimate to $468 billion from $439 billion and EPS estimate to $11.48 from $10.12.

Is NVDA a Good Stock to Buy Now?

Given continued momentum in demand for Nvidia’s AI GPUs (graphics processing units), Wall Street has a Strong Buy consensus rating on NVDA stock based on 41 Buys and only one Hold rating. The average NVDA stock price target of $274.03 indicates about 59% upside potential from current levels. NVDA stock has risen 46% over the past year but is down more than 7% year-to-date.

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