Evercore Reiterates Outperform on Nvidia (NVDA), Calls It a Top Pick for 2026

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks on the Market's Radar. On January 6, Evercore ISI analyst Mark Lipacis reiterated an Outperform rating on the stock with a $352.00 price target. The firm is strongly bullish on the AI chipmaker, viewing the stock as Top 2026 Pick.

“We reiterate our Outperform rating and $352 Price Target, and view NVDA as a top pick within our coverage universe for 2026 following CEO Jensen Huang’s keynote presentation and Financial Analyst Q&A session (hosted by CEO & CFO).”

According to the firm, commentary from the keynote presentation by Jensen Huang and Q&A session by the CEO and the CFO has reinforced the view that Nvidia is the ecosystem of choice for the “Tectonic Shift to Parallel Processing.”

This leadership will enable it to capture an estimated 70 to 80% of the value created driven by its genera-purpose, flexible ecosystem, noted the analysts. This very system is a key advantage that will allow it to offer the lowest costs of ownership as AI models evolve.

“We believe commentary reinforced our view that NVDA is positioned as the ecosystem of choice for the Tectonic Shift to Parallel Processing which should enable it to capture 70%–80% of the value created due to its general-purpose, flexible ecosystem which allows it to offer the lowest cost of ownership as AI models continue to evolve.”

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

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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