Nvidia (NVDA) Stock: Three Reasons Wall Street Sees 50% Upside After November Pullback

TLDR

• Nvidia stock closed at $180 on Thursday with a 1.37% gain, up more than 30% year-to-date in 2025
• Bernstein issued a bullish $272 price target for NVDA, representing a potential 50% increase from current levels
• The firm gave Nvidia a ‘Strong Buy’ rating after the company addressed bearish concerns about working capital and revenue circularity
• Shares dropped 13% in November due to AI valuation worries and competition from Google’s Alphabet
• Demand for Nvidia’s GPUs remains strong with the Blackwell chip sold out and CEO Jensen Huang targeting $500 billion in revenue for 2026

Nvidia stock finished Thursday’s session at $180, posting a 1.37% gain. The chip maker has delivered strong returns in 2025 with shares climbing more than 30% year-to-date.

NVIDIA Corporation, NVDA

Bernstein released a research note projecting NVDA could reach $272. The firm assigned a ‘Strong Buy’ rating to the stock, making it one of the most-watched equities in the market.

The analysis came after Nvidia responded to several bearish concerns. The company addressed questions about working capital, revenue circularity, accounts receivable, and depreciation lifetime. These issues had circulated in recent press reports and investor inquiries.

Bernstein acknowledged the concerns were “broadly valid and useful.” The firm noted it received “many requests from investor clients” about Nvidia’s outlook. Despite the skepticism, the brokerage maintains confidence in the stock’s trajectory.

If the $272 target proves accurate, NVDA would surge about 50% from current levels. A $1,000 investment now could grow to $1,500 based on this projection.

Other major firms share Bernstein’s optimism. Phillip Securities, Bank of America, and Citigroup all issued ‘buy’ ratings for Nvidia.

November Dip Creates Potential Entry Point

Shares fell 13% over the past month. Concerns about high AI valuations contributed to the decline. Competition from Google parent Alphabet also weighed on investor sentiment.

The stock slipped 0.4% in after-hours trading Wednesday. This suggested possible weakness heading into Black Friday trading.

Wall Street analysts remain unfazed by the recent pullback. According to FactSet, 61 of 66 analysts covering Nvidia rate it a Buy. The consensus price target sits at $254, implying a 41% upside from Wednesday’s close.

Mizuho analyst Vijay Rakesh weighed in Wednesday on Nvidia’s prospects. He noted demand for the company’s graphics processing units looks rock solid. The Blackwell chip is sold out, according to Rakesh.

CEO Jensen Huang set an ambitious revenue target. He’s aiming for half-a-trillion dollars in 2026 revenue.

Trading Activity Holds Steady

Both retail investors and institutional funds continued buying NVDA shares. The buying activity kept demand intact through market turbulence.

Tariffs and trade wars dominated market headlines in 2025. An AI chip ban in China created challenges for Nvidia’s outlook. Yet trading volume remained strong throughout these headwinds.

Rakesh rates the stock Outperform with a $245 price target. His analysis points to continued strength in GPU demand across enterprise and data center customers.

The price targets from multiple firms range from $245 to $272. All three major estimates suggest double-digit percentage gains from current levels. Wednesday’s after-hours dip could present a lower entry point for investors looking to add exposure before year-end.

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