Barclays analyst Tom O’Malley has increased Nvidia’s (NVDA) stock price target from $170 to $200. The figure represents a 17.65% increase from the analyst’s previous forecast. The analyst believes there will be a $2 billion upside for NVDA in July 2025. The analyst also increased the company’s revenue estimate from $35.6 billion to $37 billion. O’Malley anticipates the chipmaker to further earn $42 billion in Q3 and $48 billion in Q4. The increase in NVDA’s stock target price may come as a relief for market participants, given the uncertainties arising from global geopolitical tensions.

Why Did Barclays Increase Nvidia’s Stock Price Target?

Analyst O’Malley cites Nvidia’s Blackwell chip production as a reason for the stock price revision. The new chipset production capacity reached 30,000 wafers per month in June. The figure is still less than the expected 40,000 units. Despite not hitting expectations, O’Malley highlights high utilization rates.

NVDA’s price saw a 1.92% increase at close. Pre-market rates, on the other hand, saw a 0.32% decline.

Nvidia’s Blackwell chips are designed for generative AI and high-performance computing. It is made to cater to heavy-data workloads around AI development, data science, and large language model (LLM) training. With the world’s newfound adoration for AI, the company’s Blackwell chips will likely make hefty returns for the company.

Also Read: New AMD Chip Rivals Nvidia: Can AMD Surpass NVDA?

Nvidia (NVDA) has seen incredible growth over the last few years. NVIDIA reported record revenue of $44.1 billion for its fiscal first quarter ending on Apr. 27, 2025. The figure represents a 69% increase year-over-year. The company’s stock price increased in tandem with the rise in AI use. GPUs such as the A100 and H100 are central players in the world of artificial intelligence. The world’s dependence on AI is likely to increase over the coming years. Nvidia has positioned itself at the heart of the AI movement.