According to a forecast, there's a high possibility that Nvidia's (NVDA) share price will reach $300 in 2026. If we look at Nvidia (NVDA) stock, it's trading below the $200 level for now.
But, a jump like this isn't something that's impossible for the Nvidia (NVDA) stock. After all, the stock has gained almost 40% this year alone.
Nvidia (NVDA) is a big player when it comes to making GPUs for gaming and AI. Back in the day, the GPUs were mostly used for gaming, but now the AI boom has led to a new use case.
Today, big names like Alphabet, Meta Platforms, and OpenAI also use the GPUs from Nvidia (NVDA). So, this is a sign that demand for Nvidia (NVDA) products is stronger than ever.
For the FY2026, experts believe that the EPS of Nvidia (NVDA) will be $4.49. For the financial year 2027, the EPS will climb to $6.38 with a growth of 42%.
And for 2028, the forecasted EPS is around $8.29 based on a 30% growth rate. So when we combine that with an earnings multiple of 30, it becomes clear that Nvidia (NVDA) stock price will be around $250 in 2026.
In fact, a lot of analysts are also citing a range of $240 - $250 as a potential target for the Nvidia (NVDA) stock. But, a more extreme bullish scenario puts the share price of Nvidia (NVDA) at $300.
Now, Nvidia's (NVDA) share price can be $300 if its P/E is 37 and its EPS is $8.29. Once again, that's not something that is too difficult for a stock like Nvidia (NVDA).
But if the spending on AI slows down in the financial year 2028, then the P/E ratio of Nvidia (NVDA) would be around 25. In that case, the price of Nvidia (NVDA) should be around $175.
So, even if the AI spending slows down, the Nvidia (NVDA) share price will still be where it is trading today.