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NVIDIA Corp. shares drew attention after Jefferies raised its price target to $275, reinforcing bullish sentiment around the company’s longer-term product roadmap.
The call matters because price-target changes can shift expectations for NVIDIA's valuation, especially as investors debate how long the artificial intelligence (AI) buildout can run.
Jefferies analyst Blayne Curtis raised the firm’s NVIDIA price target to $275 from $250 and reiterated a ‘Buy’ rating. He cited an extended accelerator and model roadmap that now stretches through 2028, highlighted around the Consumer Electronics Show (CES).
Curtis said the roadmap expansion supports a higher valuation view as NVIDIA pushes deeper into next-generation data center demand. The update was framed around fresh product signals coming out of CES and the start of the new year.
Jefferies analysts also pointed to fundamentals in their bullish framing. In the third quarter ended Oct 2025, NVIDIA reported a 62% year-on-year increase in revenue to $57 billion. Jefferies argued the stock looked attractive relative to earnings growth, citing a price-to-earnings (P/E) ratio of 46.58 and a price/earnings-to-growth (PEG) ratio of 0.77.
In addition to the positive outlook, NVIDIA (NASDAQ: NVDA) moved to the top of global markets last year after becoming the world’s first $4 trillion company, surpassing longtime leaders Apple and Microsoft. The shift reflected strong earnings growth as NVIDIA became a key supplier in the artificial intelligence (AI) boom.
NVIDIA shares rose about 1.5% on Friday after the price-target increase, alongside gains in other AI chip stocks tied to data center investment. According to data from Yahoo Finance, NVDA stock closed at $186.23 and has shown volatile but resilient action in the past week.
Over the five-day window, the chart reflects a dip toward the low-$180s around Jan. 14, followed by a sharp rebound that briefly pushed the stock back toward the high-$180s before easing into the latest close.
NVDA is also trading near the top of its 52-week range of $212.19 and sits above its 200-day simple moving average (SMA). This suggests buyers have driven the stock higher and that upside momentum is still present, which can be a favorable signal for the share’s longer-term trajectory.
In addition, the chart indicates NVDA moving within a wide range during late 2025, rising above $200 before easing back to the mid-$180s, a sign of possible consolidation after strong gains.
A TradingView chart shared on X by analyst Cryptollica tracked the weekly ETHUSD NVDA ratio, comparing Ethereum (ETH) in US dollars to NVIDIA shares. The chart marked two prior peaks labeled ‘2018 top (January)’ and ‘2021 top (May),’ with a long descending trendline drawn from those highs.
The ratio was shown breaking above that trendline twice, including a ‘breakout!’ label in 2025. On the far right, the chart labeled a pullback as a ‘Retest,’ suggesting the ratio returned to the prior downtrend line after the breakout. The snapshot listed the weekly ETHUSD NVDA reading around 16.75 and showed Ether near 3,095.
In other developments, the US eased export rules for H200 chips to China while warning that a 25% tariff on certain advanced semiconductors could pose challenges. Analysts also pointed to NVIDIA’s 45% China revenue decline, citing China’s move toward alternative AI chip stacks that reduce reliance on NVIDIA.
Separately, Eli Lilly and Co. was reported to have announced on January 12 that it would partner with NVIDIA to build an AI innovation lab in the San Francisco Bay area. The initiative would bring together researchers and engineers to develop AI models aimed at accelerating drug discovery, with investment described as up to $1 billion over five years.
Looking ahead, investors are likely to focus on NVIDIA’s next earnings report for updates on China-related chip exports and hyperscaler demand, which near-term price action may keep reacting to.
Also Read: NVIDIA, AMD Agree to Share 15% of China Chip Revenue with US
