Citigroup, the global banking giant worth $210 billion, recently upgraded the Nvidia stock (NASDAQ: NVDA) price target. Citi wrote in a note to clients to add positions in NVDA before the second half of 2026. The analysis explains that the stock could outperform expectations during the last half of the year.

Citi analyst Atif Malik, along with his team, wrote that they expect the company’s January-quarter revenue to reach $67 billion. This is above the market expectations of $65.6 billion, which could lead to a surge in value for Nvidia stock. The note also read that the April-quarter sales could also beat expectations and reach $73 billion, above the expectations of $71.6 billion.

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Citigroup’s New Nvidia Stock Price Target

Citigroup placed a new price target of $270 for Nvidia stock, noting that the AI infrastructure and revenue visibility will extend and begin to improve in 2027. Malik added that “most investors are looking past the earnings,” and are noticing the company’s advancements in the AI sphere.

Despite concerns of overspending on AI, Citigroup analysts wrote that Nvidia “will deliver long-term returns,” making it the stock to watch out for. Nvidia will “continue to be the leader across both training and reasoning-focused inference workloads,” wrote Malik.

With a buy rating for Nvidia with a $270 price target, Citigroup wrote that NVDA “looks attractive with the stock likely to outperform in 2H26 as demand visibility extends into 2027.” An investment below the $200 range will likely generate better returns for traders.

If Citogroup’s price target turns accurate, it implies a 50% upside for the equity. Therefore, an investment of $1,000 could turn into approximately $1,500 if the forecast turns out to be true. Demand for NVDA has been on an uptick since 2020 and is among the most sought-after assets in the market.