My Nvidia Stock Price Prediction for 2026 | NVDA Stock Prediction

Parkev Tatevosian, CFA•Sep 11, 2026

Summary

Parkev provides a comprehensive analysis of Nvidia's financial trajectory, emphasizing that the company's success is rooted in booming sales and tangible profits. Parkev highlights that Nvidia's earnings per share have surged from $0.33 in 2023 to $4.70 in 2026, with Wall Street analysts projecting figures over $20 by 2029. Despite this performance, Parkev notes that Nvidia trades at a historically low forward price-to-earnings (P/E) ratio of 14.6, as many investors fear the cyclical nature of the semiconductor industry and a potential drop-off in data center build-outs.

Parkev presents a scenario analysis for Nvidia's stock price by the end of 2026, establishing a base-case target range between $260 and $290, with a midpoint of $275. Parkev also identifies external catalysts that could influence this trajectory, such as a potential $2 trillion IPO for Anthropic, which Parkev believes would signal industry stability and spark a relief rally. Conversely, Parkev warns of a potential credit squeeze in the AI sector as a downside risk that could push the stock into the $100s, though Parkev views this as a near-term timing issue rather than a failure of the business model.

Nvidia (NVDA): Parkev identifies Nvidia as a strong investment with a midpoint price target of $275 for late 2026. Parkev bases this on explosive EPS growth and a conservative forward P/E multiple that Parkev expects to expand as market fears subside. Parkev highlights the company's transition from 33 cents to nearly five dollars in earnings per share as evidence of fundamental strength.

Micron (MU): Parkev mentions Micron as a semiconductor stock currently trading at an attractive, cheap valuation on a forward price-to-earnings basis. Parkev suggests that the market is pricing in too much cyclical risk, ignoring the ongoing demand for AI infrastructure. Parkev plans to use Micron's upcoming earnings report in September as a primary indicator for the health of the broader AI ecosystem.

Meta Platforms (META): Parkev characterizes Meta Platforms as a "great value" and shares a specific fair value estimate of $686. Parkev acknowledges the massive capital expenditures Meta is making in AI, which may turn free cash flow negative in the short term, but Parkev remains bullish on the long-term returns of these investments. Parkev monitors Meta closely as part of a proprietary list of top stock ratings.

Mentioned Stocks

Sentiment: BUYAction: RECOMMENDED

Reasoning: Parkev highlights Micron as a stock trading at a relatively cheap valuation on a forward price-to-earnings basis. Parkev notes that investors have soured on semiconductor stocks due to fears of cyclicality, but Parkev maintains a positive outlook and follows the stock closely as a key indicator for the AI industry.

Loading chart...

META

Sentiment: BUYAction: RECOMMENDED

Reasoning: Parkev explicitly states that Meta Platforms is a 'great value' with a fair value estimate of $686. Parkev acknowledges the company's heavy investment in data centers and potential for temporary negative free cash flow but considers the stock a strong long-term opportunity.

Loading chart...

NVDA

Sentiment: BUYAction: RECOMMENDED

Reasoning: Parkev views Nvidia as a top pick due to its explosive earnings growth, which has risen from $0.33 to $4.70 EPS in just a few years. Parkev sets a price target of $275 for late 2026, noting that the current forward P/E of 14.6 is near decadal lows. Parkev believes the stock should be trading at a higher multiple (17 to 21) given the tangible business results. Parkev identifies a price range of $260-$290 as the base case, with a potential downside to $171 in a bear scenario and upside to $326 in a bull scenario.

Loading chart...