NVIDIA (NASDAQ: NVDA) Price Target Raised Amid Strong AI Chip Demand

Font: Financial Modeling Prep  • Oct 05, 2026

• BNP Paribas Exane raised NVIDIA (NASDAQ: NVDA)’s price target to $345 from $285, reflecting strong demand for its AI chips.
• NVIDIA shares are outperforming the broader S&P 500 in 2026, though they have recently lagged the wider semiconductor industry group.
• The stock trades near record levels, with investors watching AI infrastructure spending, earnings growth, and valuation.

NVIDIA (NASDAQ: NVDA) makes chips used in artificial intelligence, data centers, gaming, and other high-performance computing markets. BNP Paribas Exane maintained a bullish rating on the stock and raised its price target to $345 from $285. Based on a share price of $236.89 at the time of the update, the new target suggests potential upside of about 45.6%.

The higher target comes as demand for NVIDIA’s AI chips continues to support rapid earnings growth. NVIDIA shares are on track to gain about 25% in 2026 after reaching a record high during trading last week, as highlighted by The Motley Fool. However, investors still face risks if the economy weakens or if AI infrastructure spending slows.

Jay Woods of Freedom Capital Markets also urged investors to watch the AI trade, as highlighted by Schwab Network. He noted that fewer S&P 500 stocks are participating in the market’s gains, though the coming earnings season could help broaden market leadership.

NVIDIA shares gained 1.6% over the past month, compared with a 0.6% rise in the Zacks S&P 500 Composite and an 8.5% gain for the semiconductor industry group, according to Zacks Investment Research. That puts NVIDIA ahead of the broader index but behind its industry peers over that period.

The stock recently traded at $236.87, up $2.92, or 1.25%, with a 52-week range of $164.27 to $237.88. NVIDIA’s market capitalization was approximately $5.74 trillion. Zacks noted that changes to future earnings estimates remain important to its stock assessments, though it did not provide specific revisions or a near-term forecast in the cited material.