Can Nvidia Stock Reach $743 in the Next 12 Months?

Wall Street analysts have set ambitious 12-month price targets for Nvidia as high as $743 per share, more than triple its current price of $205. While the company's next-generation Vera Rubin chip platform and expected $1 trillion in orders by 2027 present significant growth catalysts, reaching $700 per share within 12 months would require substantial valuation multiple expansion and is deemed unlikely in the near term. However, 94% of analysts rate the stock as a buy, citing strong future prospects as Nvidia enters a new growth phase.