TLDR
- Baird maintains Outperform rating while increasing Nvidia’s price target from $275 to $300
- Wedbush upgrades its target to $300 from $230, keeping Outperform rating unchanged
- Analysts highlight Q1 guidance surpassing buy-side expectations as crucial factor
- Nvidia has halted China-focused chip production, redirecting TSMC capacity toward Vera Rubin next-gen hardware
- NVDA shares currently trade around $183, reflecting over 1,100% gains across three years
Nvidia’s most recent quarterly performance showcased record-setting revenue of $68 billion, marking a 73% year-over-year jump, capturing significant attention from Wall Street analysts.
On February 26, Baird confirmed its Outperform rating for Nvidia while elevating the price target from $275 to $300. The investment firm highlighted data center revenue acceleration reaching nearly double prior growth rates, noting virtual reality performance exceeding competitor benchmarks.
Wedbush followed suit the same day, matching Baird’s move by increasing its price target from $230 to $300 while maintaining its Outperform stance.
Both projections signal potential upside exceeding 69% from present trading levels.
Wedbush emphasized Q1 guidance as the most impressive element from Nvidia’s latest earnings report. The firm noted the forward-looking outlook significantly surpassed previous buy-side expectations.
Baird revised its financial model to account for robust segment performance, especially within data center and virtual reality divisions.
Presently, NVDA shares hover near $183, translating to approximately $4.4 trillion in market capitalization. The stock’s 52-week trading range extends from $86.62 to $212.19.
The current valuation sits at 22x forward earnings projections, which several analysts consider modest relative to the company’s growth momentum.
China Production Halted, Resources Shifted to Vera Rubin
Nvidia has ceased production of chips designated for Chinese markets, per a Financial Times report dated March 5.
The chipmaker has reallocated TSMC manufacturing resources from H200 chips toward its upcoming Vera Rubin platform.
Two sources familiar with the situation informed the FT that Nvidia anticipates ongoing U.S. and Chinese regulatory obstacles will permanently restrict Chinese market access.
The Vera Rubin platform is scheduled for release in late 2026, aligning with Nvidia’s commitment to annual GPU lineup refreshes.
Understanding the Price Target Implications
Reaching $300 from the current $183 level would require approximately 64% appreciation.
One market analyst covering the stock forecasts Nvidia could achieve roughly $250 by year-end, representing 37% growth from the March 2 closing price.
The analyst acknowledged that $300 remains achievable if overall market conditions strengthen and investor concerns diminish, though characterized the $250 projection as more probable in the near term.
Strong demand persists for previous-generation GPUs — including Blackwell and Blackwell Ultra — while cloud service providers continue substantial investments in AI infrastructure.
Nvidia’s commitment to annual GPU releases ensures a consistent flow of new products for customers seeking cutting-edge AI hardware.
As of March 5, NVDA is trading at $183.08, gaining 1.68% during the session.
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