Vivek Arya, a Wall Street analyst at Bank of America Corp. (NYSE: BAC), has maintained a favorable opinion of Nvidia Corp. (NASDAQ: NVDA), as traders are wondering why Nvidia stock has fallen since July 8.
Arya reiterated his Buy rating on Nvidia stock on July 7 in a note to clients. He also set his 12-month target price for NVDA shares at $350, implying a potential rally of about 77.4%, as the company was trading at about $197.30 at press time.
Assessor they argued that the recent Nvidia stock pullback is consistent with a weak seasonal record. However, Arya hopes that the company’s market will recover in the near future, due to the increase in global prices for the development of AI (Artificial Intelligence) infrastructure.
In particular, Arya’s bullish Nvidia property The forecast for 2026 and beyond is fueled by the introduction of real world virtual reality (RWA) and the introduction of AI assistants among devices that are not enough. As such, the bank confirmed that the company provides investors with a high quality and sustainable product.
The expert emphasized Nvidia’s pricing power, noting that the $200,000 to $300,000 increase in High-bandwidth memory (HBM) cost per server rack with the change to Rubin’s platform could be offset by $2 million to $3 million in increased total server sales..
Nvidia stock forecast 2026 and performance
Following Arya’s bullish NVDA stock outlook for 2027 and beyond, 37 Wall Street he was asked in TipRanks over the past three months they have set a 12 month average price of $309.93.
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As a result, the analysts indicated that Buy for MVDA stock forecast 2026. With NVDA trading at around $197.30 at press time, Wall Street analysts expect about 56.8% upside.
Year-to-date (YTD), NVDA shares have gained 4.47%, encouraging bullish sentiment among Wall Street analysts.
