NVIDIA Corporation (NVDA): Analyst Sees Upside to 2026 Estimates

In early July, NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang appeared on news platform CNN to warn that while artificial intelligence would significantly boost workplace productivity in the coming years, it could lead to job losses if industries lacked innovation. NVIDIA provides graphics, computing and networking solutions. Huang said he believed that as long as companies came up with fresh ideas, there was room for productivity and employment to thrive. But without new ambitions, productivity drives down, he said, potentially resulting in fewer jobs. Nvidia, which briefly reached $4 trillion in market value, is among the companies leading the AI revolution. The technology employed by the chipmaker has been used to power data centers that companies like Microsoft, Amazon and Google use to operate their AI models and cloud services.

An analyst from Goldman Sachs recently raised the price target on NVIDIA Corporation (NASDAQ:NVDA) stock to $210 from $200 and kept a Buy rating on the shares. He updated the company’s model to reflect its strategic investments and partnerships with OpenAI and others. He also sees significant upside to 2026 estimates for Nvidia. The company has a strong runway of growth from core customers, plus upside from non-traditional customers, contends the analyst.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.