Leading GPU manufacturer Nvidia is trading below the $200 level in October. NVDA opened Tuesday’s bell at $185 and is mostly trading sideways in the charts. Financial strategists have given a ‘buy’ call, urging investors to take an entry position below the $200 mark. The bullish call comes after the chip giant’s revenue surged by 33.24% compared to last year. The Nvidia stock has received bullish projections from CNN Business analysts.

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Nvidia Stock Could Rise 110%, Projects CNN Business Analysts

Nvidia’s net income has a spike of 36.84% year-on-year, with earnings per share climbing to 61.23%. The company’s net profit margin has increased by 2.30% despite facing challenges due to Trump’s tariffs and trade wars. When the dust settles, Nvidia stock could be a prime bet, rewarding investors who purchased the dips.

65 financial analysts from CNN Business provided their forecast on NVDA this month. 91% of the analysts gave Nvidia stock a buy call, while 8% of them gave ‘hold’. Only 2% of the analysts were bearish on NVDA and urged investors to sell. The majority of the analysts are in the money for NVDA, indicating that it could double in price next.

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Price Target and Timeline For the 110% Rise

CNN Business analysts project that Nvidia stock could reach a high of $389 in 2026. That’s an uptick and return on investment (ROI) of approximately 110% from its current price of $185. Therefore, an investment of $1,000 could turn into $2,100 in 2026 if the forecast turns out to be accurate.

The average trading price of NVDA next year is $214.50, according to the prediction. That’s a return of around 15.61% and a $1,000 investment could turn $1,156. On the downside, if the markets turn bearish, Nvidia stock could plummet to the $100 level. The downside is much riskier as it could erase close to 47% of its current price.