Jefferies Raises PT on NVIDIA Corporation From $250 to $275, Keeps Buy Rating

NVIDIA Corporation (NASDAQ:NVDA) is one of the 15 Best S&P 500 Stocks to Look For in 2026.

On January 15, Jefferies raised its price target on NVIDIA Corporation (NASDAQ:NVDA) from $250 to $275, according to TheFly. Blayne Curtis at Jefferies raised the price target on the AI chipmaker and maintained a Buy rating on the stock.

Curtis lifted the target as NVIDIA introduced its Accelerator builds and corresponding models, which now extend to 2028, as per TheFly. The analyst believes that Nvidia “remains pretty cheap,” trading at mid-teens multiple to its bottom-up multiple implied in the CY2027 estimate.

In other news, on December 15, the Department of Commerce announced that the U.S. and Taiwan reached a trade agreement to invest in chips in the U.S. Taiwanese tech companies will invest at least $250 billion in production capacity in the U.S., with the Taiwanese government assuring the total investment in credit for these companies. This is great news for AI companies such as Nvidia, which heavily rely on Taiwanese chipmaker TSMC. In addition, the U.S. government will limit “reciprocal” tariffs on Taiwan to 15% from 20%, as part of the trade agreement.

Commerce Secretary Howard Lutnick told CNBC that TSMC has already bought land and plans to expand in Arizona as part of the trade agreement. Talking to CNBC’s Brian Sullivan in an interview, Lutnick said:

They just bought hundreds of acres adjacent to their property. I’ll let them go through with their board and give them time.

NVIDIA Corporation (NASDAQ:NVDA) is a leading AI firm that offers computing infrastructure, including graphics, compute, and networking solutions. NVIDIA is most famous for its graphics processing units.

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.