Oppenheimer Just Raised Its Price Target on Nvidia (NVDA) Stock

Nvidia (NVDA) is now officially trading on a split-adjusted basis.

Many Wall Street analysts are bullish on the company’s growth prospects.

Oppenheimer sees significant upside for NVDA stock.

Nvidia (NASDAQ:NVDA) recently enacted a successful 10-for-1 stock split, which took effect earlier this week. Since NVDA stock began trading on a split-adjusted basis, Wall Street sentiment has been improving.

Granted, many analysts were bullish on the artificial intelligence (AI) standout long before it announced stock-split plans. But since trading began this week, plenty of financial institutions have either issued or reiterated “buy” ratings, predicting that the firm’s impressive growth will continue as markets adjust to the newly split stock. One such expert is Rick Schafer of Oppenheimer, who significantly raised his NVDA stock price target today.

What’s Happening With NVDA Stock?

Since it began trading on a split-adjusted basis, NVDA stock has been fairly volatile. As of this writing, shares are down about 1% for the day after rising and falling multiple times. That said, it shouldn’t take too long for the stock to start making progress.

Schafer is certainly optimistic about Nvidia’s growth prospects. The analyst set a price target of $150 for NVDA stock, implying upside of more than 20%. Schafer and his team praised Nvidia as one of the best-positioned companies in the AI space, citing its full stack hardware and software solutions as likely growth driving catalysts.

Nvidia (NVDA) is now officially trading on a split-adjusted basis.

Many Wall Street analysts are bullish on the company’s growth prospects.

Oppenheimer sees significant upside for NVDA stock.

Nvidia (NASDAQ:NVDA) recently enacted a successful 10-for-1 stock split, which took effect earlier this week. Since NVDA stock began trading on a split-adjusted basis, Wall Street sentiment has been improving.

Granted, many analysts were bullish on the artificial intelligence (AI) standout long before it announced stock-split plans. But since trading began this week, plenty of financial institutions have either issued or reiterated “buy” ratings, predicting that the firm’s impressive growth will continue as markets adjust to the newly split stock. One such expert is Rick Schafer of Oppenheimer, who significantly raised his NVDA stock price target today.

What’s Happening With NVDA Stock?

Since it began trading on a split-adjusted basis, NVDA stock has been fairly volatile. As of this writing, shares are down about 1% for the day after rising and falling multiple times. That said, it shouldn’t take too long for the stock to start making progress.

Schafer is certainly optimistic about Nvidia’s growth prospects. The analyst set a price target of $150 for NVDA stock, implying upside of more than 20%. Schafer and his team praised Nvidia as one of the best-positioned companies in the AI space, citing its full stack hardware and software solutions as likely growth driving catalysts. As Seeking Alpha reports:

“Grace CPU successor, Vera, is scheduled for launch alongside Rubin in 2026. 5M developers now use CUDA which includes >350 domain-specific libraries. These libraries support large language model, or LLM, and Generative artificial intelligence, or genAI, expansion into most major markets (auto, healthcare, manufacturing, and others), according to the analysts.”