BofA Keeps Nvidia Buy Rating and $300 Target Ahead of GTC 2026
BofA kept its Buy rating and $300 target on Nvidia ahead of GTC 2026 (March 16), highlighting updates on the 2028 Feynman GPU pipeline and a potential Intel custom CPU. Nvidia’s stock is up 2.5% in six months versus SOXX’s 30% gain, while its PEG ratio remains below 1x.
1. Analyst Reaffirms Buy Rating
Bank of America’s analyst team retained its Buy rating and $300 price target on Nvidia, underscoring the stock’s attractive valuation and growth prospects as it prepares for GTC 2026.
2. GTC 2026 Key Focus Areas
Investors will watch for progress updates on the 2028 Feynman GPU product pipeline, details on the 102.4T Spectrum-6 switch pairs, and any joint custom CPU announcement with Intel that could expand Nvidia’s compute ecosystem.
3. Performance vs SOXX and Valuation Metrics
Nvidia’s shares have risen 2.5% over the past six months compared with a 30% gain for the SOXX ETF, while its PEG ratio remains below 1x, highlighting a potential valuation gap relative to peer performance.