Nvidia’s $300 Price Target Explained | Durham News

Nvidia, the AI chip titan worth over five trillion, just got a bullish overweight rating with a $300 price target—yes, even Wall Street thinks it’s still undervalued. Q2 revenue soared to $96.2 billion (+106% YoY), driven by its data center juggernaut and a jaw-dropping 75% gross margin. Analysts project 47% annual revenue growth and $30 EPS by 2030—up from $4.77 in 2026. But clouds loom: the Justice Department is probing Nvidia’s $20B Groq deal for antitrust loopholes, which could slow expansion. The real test? November’s earnings, where they’re guiding to $108B revenue—and whether that $300 target (on a 14x multiple) is conservative or crazy optimistic.

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