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NVIDIA stock falls despite doubling revenue; Wall Street price targets remain high, signaling a buying opportunity.

Analyst Insights
20 Oct 2026
24/7 Wall Street
View Source
Bullish
NVIDIA stock falls despite doubling revenue; Wall Street price targets remain high, signaling a buying opportunity.

NVIDIA's shares have dropped nearly 9% in a week even after the company doubled its revenue to $96.22 billion, surpassing estimates. Despite the stock's decline, Wall Street analysts maintain high price targets, with a consensus target around $328.72 and 24/7 Wall St. setting a $263.54 target, indicating a potential 21.84% upside from current prices. The company expects continued strong growth, with third-quarter revenue guidance at $108 billion and fiscal 2028 growth around 70%, driven by high demand for AI-related products. Investors should watch upcoming earnings for confirmation of growth and supply trends, as well as any changes in hyperscaler spending or export policies affecting China.

As of Oct 20, 2026 19:11 WIB, Nvidia shares on Pluang trade at USD 215.31, down 0.82% for the day. Despite the recent weekly drop noted in the article, Pluang data shows a balanced investor interest with 63% of order activity on the buy side. The stock's market cap stands at $5.24 trillion, highlighting its significant presence in the technology sector.

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