Nvidia (NVDA) Stock: Why Bernstein Sees 50% Gains After November Selloff

TLDR

• Nvidia stock trades at $180 after gaining 1.37% Thursday, marking a 30%+ year-to-date increase
• Bernstein sets $272 price target with ‘Strong Buy’ rating, suggesting 50% upside potential
• November saw 13% decline due to AI valuation concerns and Alphabet competition fears
• Blackwell chip completely sold out with CEO targeting $500 billion revenue in 2026
• 61 of 66 Wall Street analysts rate NVDA as Buy with $254 consensus target

Nvidia shares closed Thursday at $180, posting a 1.37% daily gain. The chip maker has climbed over 30% in 2025 despite facing headwinds from tariffs and trade tensions.

NVIDIA Corporation, NVDA

Bernstein released a bullish research note targeting $272 for NVDA. This represents a potential 50% increase from current price levels. The brokerage assigned a ‘Strong Buy’ rating after reviewing the company’s recent investor memo.

Nvidia addressed several bearish concerns raised by market skeptics. The company tackled questions about working capital management and revenue circularity. Issues around accounts receivable and depreciation lifetime were also clarified.

Bernstein called these points “broadly valid and useful” in its client note. The firm received numerous investor inquiries about these topics. Despite the concerns, confidence in Nvidia’s trajectory remains high among major banks.

Bank of America, Citigroup, and Phillip Securities all issued buy ratings. The backing from multiple major institutions reinforces the positive outlook for NVDA shares.

Wall Street Sees Buying Opportunity

The stock dropped 13% during November. High AI sector valuations triggered some profit-taking. Competition from Google parent Alphabet added pressure to the shares.

After-hours trading Wednesday showed a 0.4% decline. This hints at possible weakness heading into the holiday-shortened week.

Wall Street analysts remain bullish on the pullback. FactSet data shows 61 of 66 analysts rate Nvidia as Buy. The consensus price target stands at $254, implying 41% upside potential.

Mizuho’s Vijay Rakesh highlighted continued strong demand Wednesday. Graphics processing unit orders remain robust across enterprise customers. The analyst maintains an Outperform rating with a $245 target.

Revenue Target Reaches Half-Trillion

CEO Jensen Huang set an ambitious goal for 2026. The company is targeting $500 billion in annual revenue. This represents massive growth from current levels.

The Blackwell chip line has sold out completely. Data center demand continues driving GPU sales higher. Both retail and institutional investors maintained buying activity through market turbulence.

China’s AI chip restrictions created uncertainty for the stock. However, trading volume held steady throughout these challenges. Strong demand from other markets offset concerns about Chinese restrictions.

Rakesh noted the Blackwell shortage indicates healthy market conditions. Enterprise clients continue ordering next-generation chips for AI infrastructure buildouts.

Price targets from major firms cluster between $245 and $272. All projections suggest double-digit percentage gains from Wednesday’s closing price. The November dip may offer an entry point before year-end positioning begins.

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