Price Prediction: Nvidia Stock Could Be Worth This Much by 2030

Key Points:

• NVIDIA reported a historic quarter with Data Center revenue reaching $89.02 billion, up 117% year-over-year, yet its stock trades cautiously due to concerns like zero China Data Center revenue guidance and rising memory prices.
• Despite strong fundamentals and a 24.08% year-to-date share increase, NVIDIA’s stock price has been range-bound in 2026, partly because of its high beta (2.217) amplifying market volatility and macroeconomic uncertainties.
• Wall Street consensus sees about 42% upside with an average target price near $327, while a 24/7 Wall St. model projects a base-case price of around $310 within a year, but these estimates may underprice fiscal 2028 earnings growth.
• Achieving $600 per share by 2030 would require a 160.5% gain driven mainly by EPS growth to about $25 by fiscal 2031 and a forward P/E multiple compressing to around 24x, contingent on successful product ramps, sustained hyperscaler capital expenditure, and continued revenue growth outside hyperscalers.
• Key risks include supply constraints and geopolitical tensions with China, which could disrupt growth; however, NVIDIA’s current valuation at roughly 23x forward earnings remains reasonable given its high margins and rapid income growth, making the $600 target ambitious but plausible.