Nvidia (NVDA) Stock: Stifel and Mizuho Lift Targets as AI Demand Holds Strong

TLDR

• Nvidia posted Q1 FY27 EPS of $1.87, beating estimates of $1.76, with revenue of $81.62 billion — up 85.2% year over year
• Stifel raised its NVDA price target to $282, while Mizuho lifted its target to $300, both reaffirming Buy ratings
• Nvidia announced an $80 billion share buyback and raised its quarterly dividend from $0.01 to $0.25 per share
• The Wall Street consensus is a Strong Buy, with an average price target of ~$304, implying roughly 43% upside from current levels
• Despite strong results, NVDA stock has been trading sideways post-earnings, with some caution around valuation and a public warning from Michael Burry

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Nvidia reported first-quarter fiscal 2027 results on May 20 that beat Wall Street expectations on both the top and bottom lines. Revenue came in at $81.62 billion, topping analyst estimates of $78.42 billion and rising 85.2% from the same quarter a year ago. EPS hit $1.87 against a consensus estimate of $1.76.

NVIDIA Corporation, NVDA

NVDA stock opened at $214.86 on Wednesday and has gained around 15% year-to-date. The one-year range sits between $132.92 and $236.54.

Despite the strong numbers, the stock’s reaction was muted. Traders have been watching whether the post-earnings drift turns into a deeper pullback.

Stifel analyst Ruben Roy kept his Buy rating and lifted his price target to $282 from $250. He pointed to management commentary around the Vera CPU opening up a new $200 billion total addressable market, with about $20 billion in standalone CPU revenue expected in FY27.

Roy also flagged GPU pricing strength. H100 rental pricing rose 20% year-to-date, while A100 cloud pricing was up 15%. He called it a sign of strong demand well beyond normal depreciation cycles.

Nvidia’s networking business also stood out. Revenue surged 199% year over year to $14.8 billion. Roy described Spectrum-X as having evolved into the AI-Ethernet category leader by revenue.

Mizuho Sets $300 Target

Mizuho’s Vijay Rakesh raised his price target to $300 from $275, also keeping a Buy rating. He expects Nvidia to remain the leading merchant AI-GPU supplier and sees the stock reaching around 25x FY28 estimated earnings.

Rakesh noted that Vera Rubin is on track for an October quarter launch. He also cited Nvidia’s projection that the AI infrastructure opportunity will grow to $3 to $4 trillion by 2030.

Physical AI revenue topped $9 billion over the trailing 12 months, driven by growing automotive partnerships with BYD, Uber, Geely, and Hyundai.

Across Wall Street, 38 analysts rate NVDA a Buy, one rates it a Hold, and one rates it a Sell. The average price target stands at around $304, implying roughly 43% upside from current levels. Melius Research has the highest target on the Street at $400.

Buyback and Dividend Boost

Nvidia’s board authorized an $80 billion share repurchase program, on top of the $39 billion already remaining. CFO Colette Kress said the company aims to return about 50% of free cash flow to shareholders in FY27.

The quarterly dividend was raised sharply — from $0.01 per share to $0.25 per share. The dividend will be paid June 26 to holders of record as of June 4.

CX Institutional increased its NVDA stake by 1.4% in Q4, bringing its holdings to 300,575 shares worth around $56.1 million. Institutional investors overall own 65.27% of the stock.

Not all sentiment is positive. Michael Burry issued a public warning that the stock could face a sharp decline, pointing to AI exuberance and crowded momentum trades as risk factors.

The stock’s 50-day moving average sits at $197.43 and the 200-day at $189.19. Market cap stands at approximately $5.20 trillion.

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