Why Nvidia Stock Gets a $350 Price Target From Bank of America
Bank of America Securities reiterates its Nvidia stock (NASDAQ: NVDA) price target in a note to clients sent on Tuesday (August 18, 2026). BofA is highly bullish on the GPU manufacturer and highlighted several points that can take its price above the $300 mark. The leading bank urged institutional clients to take entry positions into NVDA, suggesting that a rally is closely on the cards.
Vivek Arya, the Managing Director and Senior Analyst at Bank of America Securities, reiterated Nvidia’s stock price target of $350. NVDA opened Wednesday’s trading session at $219, and BofA’s estimates suggest the equity can deliver a profit of nearly $130 per share if traders take an entry position into the equity today. This makes the hardware lucrative, as the upside potential remains immense.
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Primary Takeaways Behind the $350 Nvidia Stock Price Target From Bank of America
Bank of America Securities highlighted in the note to clients that Nvidia’s massive $105 billion infrastructure commitment to OpenAI positions the stock for a takeoff. The company’s strategy is to supply power, real estate, and chips to neo-clouds and frontier labs. The bank stressed that Nvidia’s shift from being a hardware manufacturer to an active builder of AI technology keeps it on the front foot in the broader markets. It has already taken the lead in the sector, with several firms depending on its products for scalability.
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