Loop Capital: NVIDIA Still Has Upside Potential, Raises Target Price to $350
By: theblockbeats.news|2026/03/28 21:52:59
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BlockBeats News, November 3rd, U.S. investment bank Loop Capital raised its price target for Nvidia (NVDA.O) from $250 to $350, implying a 73% upside potential, and maintained a "Buy" rating. Analyst Ananda Baruah expects Nvidia's GPU shipments to double to 2.1 million units by early 2026, and believes that the trend of price increases will help drive revenue growth.
Baruah pointed out that Nvidia is leading a new wave of AI "gold rush," but cautioned that attention should be paid to risks related to power supply, infrastructure, and regulatory policies. He believes the company will remain strong in the Blackwell chip cycle, with a long-term target price potentially reaching $400. Nvidia's stock price has risen by 51% year-to-date, and was up another 2% in pre-market trading on Monday. Currently, out of 66 analysts, 60 have issued a "Buy" rating, indicating continued market optimism. (Jinse Finance)
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