Nvidia Corporation (NVDA) RBC Capital Forecasts Almost 30% Upside

STA Research
January 26th, 2026
add stock symbols: "3M Co: Jefferies lowered its price target to $160 from $180, citing a weaker macro backdrop and increased demand volatility from tariffs. Bank of America Corp: The bank agreed to pay $72.5 million to settle a lawsuit tied to Jeffrey Epstein-related allegations, resolving the matter without admitting wrongdoing. BlackRock Inc: The firm participated in a $57.64 million funding round for IQM Quantum Computers to support its growth and upcoming public listing. Boston Scientific Corp: Jefferies cut its price target to $110 from $120 due to lower valuation multiples and limited upside from recent developments. Chevron Corp: Its Wheatstone LNG facility in Australia will take several weeks to return to full production after cyclone damage, contributing to global supply disruptions. Eli Lilly and Co: The company is seeking higher UK drug prices and rebate reforms to support investment, while also entering a potential $2.75 billion AI drug development partnership. Hartford Insurance Group Inc: KBW downgraded the stock to Market Perform from Outperform due to concerns over liability reserve adequacy. Nexstar Media Group Inc: A U.S. judge ordered the company to keep Tegna’s assets separate temporarily while reviewing antitrust concerns related to its $3.54 billion acquisition. Nike Inc: The company is facing mounting challenges in China from weaker consumer demand and rising competition from domestic brands, pressuring its market share. Nvidia Corp.  is now trading at its lowest price-to-earnings multiple in seven years as broader market selloffs driven by Middle East war concerns and growing skepticism around AI valuations weigh on the stock, despite its central role in the AI boom. Sysco Corp: Sysco announced a $29 billion acquisition of Jetro Restaurant Depot to expand its reach in the independent restaurant market, though shares fell on concerns about increased debt financing."
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Nvidia Corporation (NVDA)

Analyst Update

RBC Capital Markets reiterated their “Buy” rating on Nvidia’s stock, with analyst Srini Pajjuri maintaining an the 12 month price target of $240 per share, implying considerable upside from current trading levels and reinforcing the firm’s positive long-term outlook on the stock. The reaffirmed recommendation highlights RBC’s confidence in Nvidia’s continued dominance in AI and accelerated computing, supported by robust and durable data center demand, strong earnings visibility, and sustained margin strength. Analysts believe that NVDA’s deep software ecosystem, pricing power, and pace of innovation position it to maintain technological leadership and defend its competitive moat over the long term, even as valuation levels remain elevated.

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