Nvidia’s (NASDAQ: NVDA) overall downward trajectory in 2026, with the blue-chip chipmaker’s stock down 6.07% year-to-date (year-to-date) to $177.39, has done little to dampen Wall Street’s optimism for the stock as of press time.
In fact, on April 2nd, DBS analyst Fan Bunfu reiterated his previous buy rating on NVDA stock, but raised his 12-month price target from $180 (up 1.47% from press time) to $220 (up 24%).
Foo’s memo highlighted Nvidia’s continued efforts to develop additional and more advanced artificial intelligence (AI) models and Nvidia’s critical role in supplying the cutting-edge hardware needed for that technology. Wall Street experts also highlighted high demand for the semiconductor giant’s chips in data center construction and equipment.
It’s not unusual for Nvidia to be bullish on its 2026 stock forecast, but the April 2nd note can be seen as particularly strong support, considering DBS analysts boast an accuracy rating of 68% on their stock analysis platform and an average upside of 36.30%. hint rankaccording to data obtained by Finnvold on April 3.
Wall Street sets 12-month target for NVIDIA stock price
Zooming out, NVDA’s latest share price increase is just the latest positive development in a flood of positive vibes on Wall Street. Specifically, NVIDIA stock is considered a Strong Buy overall, with an average 12-month price forecast of $273.57, more than 50% above the price at press time of $177.39.
Additionally, of the 43 ratings provided for the blue-chip chipmaker in the last three months, all but two included a Buy recommendation. At the same time, there was one “neutral” ranking and one “sell” ranking in this time frame.
Much of the positivity for Nvidia stock in 2026 was driven by a combination of strong sentiment that built through the period of impressive gains from the beginning of the AI boom in late 2022 to the stock’s highs in late 2025.
For the future, vera rubin series – still relevant, but a stronger successor blackwell – is the main driver of the positive revision in NVDA stock, while CEO Jensen Huang’s statement that there is a $1 trillion revenue opportunity over the next few years helps extend the bullish outlook.
Is Wall Street’s optimism about Nvidia stock in 2026 misplaced?
At the same time, 2026 has become a year of caution among investors, not just about AI but about the economy as a whole.
Most technology stocks have been steadily declining through the first quarter as the prospects for artificial intelligence companies to turn a profit remain remote and there is a growing backlash against the social and environmental impacts of technology.
More recently, the war with Iran, which began in late February amid reportedly positive negotiations, has caused serious disruptions to global supplies, including helium, a vital resource for semiconductor manufacturing, and the effects of geopolitical turmoil have been growing.
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