Nvidia (NVDA) Price Target Raised to $350 as GPU Shipments Set to Double, Analysts See AI Boom

In a Nov 3 note, Loop Capital analysts raised the price target for Nvidia (NVDA) to $350 from $250, while sustaining a Buy rating. Analyst Ananda Baruah argues that AI-driven demand supports GPU shipments and keeps pricing firm, underpinning upside for the stock.

Baruah expects GPU shipments to advance to about 2.1 million units by early 2026, aided by continued pricing discipline and enterprise AI adoption, with benefits expected to feed the Blackwell chip cycle.

He frames Nvidia as a key beneficiary of the ongoing AI gold rush, while cautioning on headwinds from power supply, data-center infrastructure, and evolving regulatory policy that could temper momentum.

Even with a 51% year-to-date stock gain, the firm sees room for further appreciation, with a long-term target near $400 and a broad Buy consensus across analysts (≈60 of 66).