Another day, another success for Nvidia (NASDAQ:NVDA) stock yesterday (November 5). That’s because the chipmaker reclaimed its crown from Apple to become the largest company in the world.

Both have market capitalizations above 3,300 billion dollars! Yet Nvidia ended 2014 with a market capitalization of just $11 billion, meaning its meteoric rise is truly mind-boggling. Never seen before.

But where do experts see Nvidia stock price over the next 12 months? Let’s take a look.

Consensus Forecast

Now, I would take the following predictions with a pinch of salt. In my experience, a analyst price target can be like a weathervane in changing winds, constantly adjusting to follow the stock’s latest direction.

As we can see, Wall Street analysts’ 12-month Nvidia price targets cover a wide range. We reached a high of $202, representing potential share price growth of 46% from $139. Next, there is a low of $90, which suggests a possible 35% drop.

Of the 55 analysts offering 12-month price targets, the average figure is $150. That’s about 8% more than $139.

The main takeaway here is that almost all brokers are bullish on the stock. An incredible 60 out of 65 analysts rate it a Strong Buy or Buy! None currently have the stock down as a Sell.

Of course, that could quickly change after the company reports its third-quarter 2025 results on November 20.

What do experts expect in the third quarter?

In recent years, Nvidia has tended to exceed Wall Street’s expectations. But this trick could become harder to repeat and spending on artificial intelligence (AI) chips would become more predictable.

In a worst-case scenario, AI spending could begin to fall sharply next year as big tech companies rein in their huge investments. It’s possible that we’ll look back in a few years and see that Nvidia’s revenue growth was unsustainable.

It’s also worth remembering that transformative new technologies almost always come with initial hype from investors, including overestimation of their immediate, world-changing applications. We think of the Internet, 3D printing and cryptocurrencies. Everyone created bubbles.

As American scientist and futurist Roy Amara said: “We tend to overestimate the effect of a technology in the short term and underestimate its effect in the long term.“.

Is it really different this time with generative AI? Only time will tell. But for now at least, demand for Nvidia’s AI chips remains incredibly high, and analysts expect even more dramatic growth in the third quarter.

Not an AI bear

To be clear, I am not a bear brought out of its cave by AI. Much smarter CEOs than me are predicting transformation through disruptive technology.

And despite selling my stake in Nvidia earlier this year, the majority of my portfolio is still invested in companies leveraging AI. Axone Companyfor example, developed an AI tool that creates a draft of a police report using audio from a body-worn camera. This can save each agent an hour of paperwork each shift!

Yet Nvidia stock is priced at absolute perfection right now. So I would be careful about investing a significant amount. Instead, I would wait for pullbacks and consider pound cost averaging to work my way into a position over time.