Nvidia Could Be A 'Double Bagger' By 2027 As Analyst Adds NVDA To Best Ideas List - NVIDIA (NASDAQ:NVDA)
Published on March 19, 2026.
New Street Research analyst Pierre Ferragu has added Nvidia Corp (NASDAQ:NVDA) to the firm's best ideas list for 2026, suggesting that the stock could double from current levels by 2027. Ferragu projects more than $20 in earnings per share and rates the stock a Buy with a $275 price target, indicating a 53% upside from its current price of $180. This comes amid increased analyst activity at Nvidia's annual GTC developer conference in San Jose. Despite trading at roughly 17x forward earnings, Ferragu believes the discount could prove justified if revenue growth slows and hyperscaler capex cycles begin to normalize.
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