Nvidia Could Be A 'Double Bagger' By 2027 As Analyst Adds NVDA To Best Ideas List

Core Viewpoint - Nvidia Corp (NASDAQ: NVDA) is projected to potentially double its stock price by 2027, with earnings per share expected to exceed $20, leading to a Buy rating and a price target of $275, indicating a 53% upside from current levels around $180 [1]. Analyst Activity - The recent analyst activity coincides with Nvidia's annual GTC developer conference, with Rosenblatt raising its price target from $300 to $325, the highest on the Street, and Raymond James increasing its target to $323 from $291 while maintaining a Strong Buy rating, both citing a $1 trillion GPU revenue outlook through 2027 [2]. Valuation Perspective - Bernstein's analysis indicates that Nvidia is currently the cheapest it has ever been relative to the broader chip sector, trading at approximately 17 times forward earnings, which is below the S&P 500 average, despite 93% of covering analysts maintaining a Buy rating [3]. Market Sentiment - Nvidia's stock has been trading sideways since its all-time high of $212 in October, currently settling in a range of $175 to $197, with the market pricing in deceleration risk rather than ignoring value, as evidenced by record quarterly revenue of $68.13 billion in fiscal Q4 [4]. Bear Case Considerations - Some analysts argue that the low multiple may be justified if there is a slowdown in inference revenue growth and if hyperscaler capital expenditure cycles begin to normalize, indicating potential risks to the bullish outlook [4].