Where is NVIDIA Corporation (NVDA) Headed According to the Street?

NVIDIA Corporation (NASDAQ:NVDA) is one of the best long term growth stocks to buy according to hedge funds. Mizuho lifted the price target on NVIDIA Corporation (NASDAQ:NVDA) to $275 from $245 on January 9 and maintained an Outperform rating on the shares as part of its price target adjustments in the semiconductors and semiconductor capital equipment group to reflect its 2026 outlook.

Mizuho sees continued upside for the sector in 2026, primarily due to “attractive valuations”, with NVIDIA Corporation (NASDAQ:NVDA) being one of its top picks for 2026. The firm told investors that its top sectors for the year include AI accelerators and wafer fab equipment, Optical, and memory, and that it is remaining cautious on electric vehicles, autos, and analogs, as well as computers and handsets.

In another development, Citi reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) on January 7 and set a price target of $270.00. The firm exhibited confidence in the company’s leadership, stating that a new wave of physical AI, along with reasoning and agent-based AI, is expected to drive demand beginning in 2026. Citi also expects the Groq acquisition to expand NVIDIA Corporation’s (NASDAQ:NVDA) addressable market by pairing its high-throughput strengths with Groq’s ultra-low-latency capabilities.

NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments.

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.