Susquehanna raises Nvidia price target to $275 on AI demand surge

Nvidia just got another vote of confidence from Wall Street. Susquehanna analyst Christopher Rolland bumped his price target on NVDA from $250 to $275 on May 12, maintaining a Positive rating on the stock as AI chip demand continues to surge.

The revised target implies a valuation of roughly 30.5 times Nvidia’s estimated calendar 2026 earnings.

The numbers behind the optimism

A consensus of 60 analysts currently rates NVDA as a Buy, with an average price target of $269.95. That figure points to a potential upside of 22.27% from the stock’s recent close of $220.78.

On the day of the upgrade, Nvidia shares climbed 2.98% to $227.35. That brought the stock’s year-to-date gain to 21.73%.

Susquehanna’s timing is notable. Nvidia’s next earnings report lands on May 20, just eight days after the price target revision.

Bank of America also raised its Nvidia price target, moving from $300 to $320 while keeping a Buy rating. BofA continues to view Nvidia as a top pick in the semiconductor space.

Why AI demand keeps rewriting the playbook

The surge in AI infrastructure spending has been the primary catalyst behind every major Nvidia price target increase over the past two years. Hyperscalers like Microsoft, Google, and Amazon continue to pour capital into AI compute capacity. Nvidia’s GPU architecture remains the default choice for training and running large language models.

What this means for investors

For investors in the crypto and AI crossover space, Nvidia’s GPUs power not just AI model training but also cryptocurrency mining operations and emerging AI-blockchain infrastructure projects.

The spread between the current stock price and the consensus average target of $269.95 suggests Wall Street sees meaningful room to run. Bank of America’s $320 target is more aggressive still.

The May 20 earnings report will be the next major catalyst. Revenue growth, data center segment performance, and any commentary on supply constraints or demand trends will determine whether the $275 target looks conservative or ambitious.