KeyBanc Analyst Predicts 38% Growth Potential for Nvidia Stock
Why buy Nvidia stock
After a year of 200%-plus revenue growth, Nvidia's data center business is now over three-quarters of the company's revenue. The company won't maintain that level of growth forever, but Wall Street expects revenue to remain robust over the next few years.
Strong Pipeline of Technologies
Nvidia has a strong pipeline of new technologies coming out to drive more demand for its industry-leading chips. Demand for Nvidia's GB200 rack computing systems could command average selling prices between $1.5 million to $2 million.
Revenue Projections
- All up, Nvidia's GB200 could generate between $90 billion to $140 billion in annual revenue.
- Consensus estimates predict Nvidia's total revenue to reach $160 billion by calendar 2026.
Nvidia stock should hold up and could very well hit the analyst's price target within the next year or so, barring any setbacks in the semiconductor industry's recovery.
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