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Nvidia stock hits new high; Morgan Stanley sets $300 target amid $150B buyback plan

Analyst Insights
02 Oct 2026
Finbold
View Source
Bullish
Nvidia stock hits new high; Morgan Stanley sets $300 target amid $150B buyback plan

Nvidia's stock reached a new all-time high on October 2, 2026, fueled by a $150 billion share repurchase program and strong demand from key customers. Morgan Stanley analyst Joseph Moore named Nvidia his top semiconductor pick and set a 12-month price target of $300, implying a 28% upside from current levels. This bullish outlook is supported by Nvidia's expanding customer base and strategic focus on increasing revenue efficiency. Overall, Wall Street remains optimistic about Nvidia's growth potential over the next year.

Nvidia shares are trading at USD 234.48 on Pluang as of October 3, 2026, 01:31 WIB, close to its 52-week high of USD 235.75. The stock saw a 1.57% increase in the last day, reflecting steady investor interest. Meanwhile, Morgan Stanley shares also rose 1.57% to USD 190.98 during the same period, showing positive momentum in the financial sector.

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