Nvidia Stock Soars as Citi Analyst Raises Price Target to $190

Nvidia (NVDA) shares are in focus after Citi analyst Atif Malik reiterated his "Buy" rating and raised the price target to $190, expecting potential upside of 21% from current levels. Malik believes Nvidia is best-positioned to benefit from state-backed investments in AI, with data center and networking sales expected to grow 5% and 12% in FY 2027, respectively. The AI compute total addressable market is expected to hit $563 billion by 2028, while the networking TAM is seen climbing to $119 billion within three years.

Title: NVIDIA (NVDA) Shares in Focus After Citi Analyst Raises Price Target

NVIDIA (NVDA) shares are drawing investor attention following a significant upward revision in the company's price target by Citi analyst Atif Malik. On July 7, Malik upgraded his price target for NVIDIA from $180 to $190, implying a potential 21% upside from the current levels. This upward revision reflects growing confidence in NVIDIA's leadership in the AI sector and its ability to outperform market expectations [1].

The analyst attributed the increase to several factors, including a surge in state-backed investments in AI and robust growth projections for the company's data center and networking sales. Malik expects data center sales to grow by 5% in FY 2027, while networking sales are projected to increase by 12% over the same period. These projections are supported by the analyst's revised total addressable market (TAM) estimates, which now project the AI compute TAM to reach $563 billion by 2028 and the networking TAM to climb to $119 billion by 2025 [1].

Malik also raised his fiscal 2028 earnings per share (EPS) forecast for NVIDIA to $6.37, based on the company's expected revenue gains driven by the Blackwell GB200 and GB300 platforms. The analyst anticipates that these platforms will push gross margins into the mid-70% range by the end of fiscal 2026. These upward revisions underscore Malik's optimism about NVIDIA's ability to capitalize on the growing demand for AI technologies [1].

NVIDIA's recent financial performance has been impressive, with the company reporting strong earnings and revenue growth in its latest quarter. The company's data center business segment, which is a key driver of its growth, saw revenue increase by 10% in the fourth quarter of 2024 and by 73% year-over-year. The company's stock has also performed exceptionally well over the past few years, with shares gaining more than 1,409% since 2022 and more than 395,500% since going public [2].

Despite these impressive gains, analysts still expect significant upside potential for NVIDIA in the medium and long term. The current consensus median one-year price target for NVIDIA is $175.97, with a consensus rating of "Strong Buy" from analysts. Over the next five years, 24/7 Wall St. forecasts that NVIDIA's stock could reach $241.23 by the end of 2030, representing a 52.44% increase from the current share price [2].

In conclusion, NVIDIA's shares are in focus following Citi analyst Atif Malik's upward revision of the company's price target. The analyst's optimism is driven by the company's leadership in the AI sector, strong growth projections for its data center and networking sales, and robust TAM estimates. With a strong track record of performance and significant upside potential, NVIDIA remains an attractive investment opportunity for investors.

References:
[1] https://www.tradingview.com/news/gurufocus:96855b16e094b:0-nvda-citi-hikes-nvidia-target-to-190-on-soaring-ai-demand/
[2] https://247wallst.com/forecasts/2025/07/08/nvidia-nvda-price-prediction-and-forecast/