Nvidia Stock Is ‘Ripe’ for Gains in 2026, According to This Top Analyst

Core Insights - Nvidia has demonstrated operational dominance, with stock performance characterized by sharp rallies and healthy pauses, maintaining an uptrend despite recent dips [1][4][5] - The company has transitioned from a graphics specialist to a leader in AI data centers, with a current market capitalization of nearly $4.6 trillion [2][3] Financial Performance - Nvidia's Q3 revenue grew 62.5% year-over-year to $57.01 billion, with adjusted EPS rising 60.5% to $1.30, indicating strong execution [13] - The data center segment saw sales jump 66% to $51.2 billion, while networking revenue surged 162% to $8.2 billion [14] - Analysts forecast Q4 fiscal 2026 revenue at $65.6 billion, with EPS expected to grow 69.4% year-over-year to $1.44 [16] Market Position and Analyst Sentiment - Cantor Fitzgerald has named Nvidia a "top pick," suggesting the recent pullback presents an attractive entry point, with demand trends stabilizing and a new product cycle approaching [4][17] - Tigress Financial raised its price target for Nvidia to $350, emphasizing its dominance in data center computing and potential in autonomous driving and healthcare [18][19] - Overall, analysts maintain a consensus rating of "Strong Buy," with 44 out of 48 analysts recommending this rating [20] Strategic Developments - Nvidia plans to resume H200 AI chip shipments to China by mid-February, boosting investor confidence despite regulatory risks [8] - The company has a significant $500 billion order backlog tied to chips and networking, with a large portion expected to materialize in 2026 [22] - Nvidia is expanding into CPUs, software, and inference through strategic partnerships, enhancing its market position [22][24]