Nvidia stock ‘could double' by 2027, according to analyst

Core Viewpoint - Nvidia has been added to New Street Research's 'best idea list for 2026', with expectations that the stock could double in value by 2027 [1] Group 1: Earnings and Buyback Strategy - The combination of earnings revision and a low multiple is expected to support Nvidia's buyback strategy, which will allocate 50% of the company's free cash flow to stock buybacks or dividends [2] - Nvidia is projected to generate more than $20 in earnings per share (EPS), with a price target set at $275 for the next twelve months, indicating a nearly 55% upside from the current price of around $178 [3] Group 2: Analyst Sentiment and Price Targets - Wall Street remains optimistic about Nvidia, with multiple analysts issuing positive ratings and raising price targets following the annual GTC developer conference [4] - Kevin Cassidy from Rosenblatt raised his 12-month price target for Nvidia shares from $300 to $325, maintaining a 'Buy' rating [4] - Simon Leopold at Raymond James increased the price target from $291 to $323 while keeping a 'Strong Buy' rating, citing an updated outlook for $1 trillion in cumulative GPU sales through 2027 [5]