Nvidia's $1 Trillion Bet: Analysts See a Double-Bagger by 2027

Analyst Pierre Ferragu at New Street Research has just anointed Nvidia with a spot on his 2026 "best idea" list, effectively giving the chipmaker a VIP pass to the moon party. His thesis? The stock could pull a classic 100x degen move, but for normies—doubling by 2027, powered by the $1 trillion revenue target for its upcoming Blackwell and Rubin GPU generations, which he expects to be fully priced in by then.

Ferragu highlights a tasty combo platter for the bulls: juicy earnings revisions and a valuation that hasn't yet priced in the coming AI singularity. This, he argues, is the perfect rocket fuel for Nvidia's freshly announced plan to send half its free cash flow back to shareholders via buybacks and dividends. In the parlance of our times, he's calling it a potential "double-bagger," which in Wall Street terms is about as exciting as it gets outside of a memecoin pump.

Crunching the numbers, the analyst forecasts earnings per share soaring past $20, slaps a "Buy" rating on the stock, and sets a 12-month price target of $275. For those keeping score at home, that's a roughly 55% hop from the current ~$178 price—not quite a degen ape-in, but a move that would make any portfolio manager look like a genius.

The Wall Street chorus is singing from the same hymn sheet, freshly inspired by Nvidia's GTC developer conference, which was basically Woodstock for AI engineers. In just two days, eleven analyst notes hit the tape. Rosenblatt's Kevin Cassidy cranked his target from $300 to $325, while Raymond James' Simon Leopold boosted his from $291 to $323, both maintaining bullish ratings and citing that same tantalizing $1 trillion cumulative GPU sales forecast through 2027.

The bottom line? The street consensus is that Nvidia's GPU gravy train is just leaving the station, with a massive buyback program and explosive earnings growth set to pour jet fuel on the rally. It's the kind of setup that makes traditional finance almost as thrilling as a leverage trade.