Nvidia NVDA may already be the world’s most valuable company, but one top Wall Street analyst thinks the ride isn’t over yet. Loop Capital’s Ananda Baruah just raised his price target to $350, predicting the stock could jump another 75% over the next year.
Baruah, who ranks among the top 5% of analysts, says Nvidia is heading into what he calls the next Golden Wave of AI adoption a fresh boom in demand that will keep the chip giant far ahead of the pack. We’re at the start of another major leg of stronger-than-expected demand, he told clients.
His research suggests Nvidia’s GPU shipments will nearly double over the next year and a half, climbing from 1.1 million units per quarter to more than 2 million by early 2027. That kind of growth, he says, could push quarterly earnings close to $3 per share, or around $12 annually, easily supporting a much higher valuation.
And that’s before Nvidia’s software business really starts kicking in a piece Baruah believes could be the company’s next massive growth engine.
