Nvidia’s rally just got a louder cheer from Wall Street — and that matters even to crypto traders watching hardware supply and AI-driven infrastructure.
What changed
- Rosenblatt Securities raised its Nvidia (NVDA) price target to $325 from $300 on March 18 and left its Buy rating intact, making it one of the more aggressive bulls on the stock. That target implies a 25x multiple on fiscal 2028 EPS of $13.
- Nvidia closed at $198.87 on April 15, up 1.2% that day, and has climbed roughly 8% over the past month, outpacing both the sector and the broader market.
Why Rosenblatt is so bullish
- Analyst Cassidy rebuilt his model after management meetings and now projects more than $1 trillion in combined revenue from Blackwell and Rubin through 2027, plus another $25 billion from Rubin Ultra and Vera standalone in the back half of fiscal 2028.
- The thesis: Nvidia’s CUDA software stack, NVLink interconnects, and rack-scale systems give it an end-to-end advantage in AI inference that competitors can’t easily match. Cassidy says GTC 2026 reinforced that conviction.
- CEO Jensen Huang has publicly framed the demand picture as massive: “We saw $500 billion of very high confidence demand and purchase orders for Blackwell and Rubin through 2026... Right here where I stand, I see, through 2027, at least $1 trillion dollars.”
Recent results that support the case
- Nvidia’s Q4 revenue was $68.13 billion, up 73% year over year and roughly $2 billion above the Street consensus of $66.2 billion. Non-GAAP EPS was $1.62 vs. $1.53 expected.
- Data-center revenue — now more than 91% of total sales — surged 75% to $62.3 billion. Purchase commitments jumped 90% quarter over quarter to $95.2 billion.
- Guidance was aggressive too: Q1 fiscal 2027 revenue guidance of $78 billion, about 7% above consensus.
Street views and valuation context
- Price-target spread across Wall Street is wide: Rosenblatt at $325, Tigress Financial near the top at $360, Raymond James $323, Bank of America $300, Truist $287, and Wolfe Research $275.
- Zacks currently ranks NVDA a #1 Strong Buy, forecasting annual EPS of $8.03 and revenue of $352.22 billion. Its metrics show a Forward P/E of 24.46 (below the industry average of 36.76) and a PEG of 0.63 (versus the sector’s 1.99).
- Zacks also flags an expected 117.28% quarter-over-quarter EPS jump in the next report and annual revenue growth of about 63.11% year over year.
Why crypto audiences should care
- Nvidia’s dominance in high-performance GPUs and AI accelerators influences the supply, pricing, and availability of hardware that many crypto projects rely on — from GPU-based mining operations to ML-driven blockchain tooling, on-chain analytics, and infrastructure providers. Strong demand for AI chips can tighten supply and push up prices, with knock-on effects across hardware-dependent segments of the crypto ecosystem.
The near-term test
- Nvidia’s next earnings release is scheduled for May 27, 2026 — the event that will likely determine whether the bullish price targets from Rosenblatt and others hold up.
Bottom line: Rosenblatt’s $325 target is one of the more aggressive projections on Wall Street, driven by a bullish view of Blackwell/Rubin demand and Nvidia’s full-stack AI lead. With revenue and purchase commitments already surging, the market will be watching May’s report closely — and crypto participants should keep an eye on hardware availability and pricing as this narrative unfolds.
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