Nvidia Stock (NVDA) ‘Could Double’ by 2027, Says Five-Star Analyst

The stock of chipmaker Nvidia NVDA -0.84% ▼ is woefully undervalued and could double in price by next year, says a top analyst at New Street Research.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions

• Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

Pierre Ferragu, a five-star rated analyst with a 67% success rate and average return of 20%, has added NVDA stock to New Street Research’s “Best Idea List for 2026,” arguing that the stock could double in value by 2027.

Ferragu says that he’s impressed with Nvidia’s $1 trillion sales guidance for the company’s Blackwell and Rubin microchips, but says that he feels the estimate should be higher and that CEO Jensen Huang is being conservative in his outlook.

Trade NVDA with leverage

Reasons to be Bullish on NVDA Stock

Ferragu adds that investors should pay attention to Nvidia’s recently announced buyback strategy, which will see 50% of the company’s free cash flow dedicated to stock buybacks and/or dividends, which will reward shareholders and are another reason to own the stock.

In a note to clients, Ferragu writes that “It all sounds like Nvidia could be a double bagger on the combination of earnings revision and the low multiple, opening the door to very efficient buybacks.” Ferragu rates NVDA stock a Buy and forecasts a price target of $275, which is 55% higher than where the shares currently trade.

Is NVDA Stock a Buy?

Nvidia’s stock has a consensus Strong Buy rating among 41 Wall Street analysts. That rating is based on 40 Buy and one Hold recommendations issued in the past three months. The average NVDA price target of $274.16 implies 53.32% upside from current levels.

Disclaimer & DisclosureReport an Issue