Bank of America Upgrades Nvidia Stock Forecast, Hidden Surge Ahead

Nvidia stock forecast BofA

Nvidia stock forecast BofA watchers got a fresh signal this week after Bank of America reset its NVDA price target days before the Q4 fiscal 2026 earnings report on February 25. NVDA stock price today closed at $184.97 on February 17, up 1.20%, and pushed to $187.63 in after-hours trading. With the BofA Nvidia price target now revised and earnings right around the corner, Wall Street is watching every move.

NVDA stock price chart
Source: Yahoo Finance

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Nvidia Stock Forecast, Earnings Report & Surge Insights

BofA Nvidia price target
Source: Price Target

BofA NVDA Price Target and Analyst Consensus

The Nvidia stock forecast BofA revision lands against a backdrop of near-unanimous Wall Street bullishness. Out of 39 analysts covering NVDA stock price today, 37 rate it a Buy. The average 12-month BofA NVDA price target across the street sits at $260, around 41% above current levels, with the high end reaching $352 and the low at $200.

NVDA stock Analyst consensus
Source: TipRanks

Nvidia Earnings Report Numbers and the Nvidia Stock Surge Question

Nvidia guided for $65 billion in Q4 revenue, up 65% year over year, while analysts are expecting $65.6 billion. On EPS, Nvidia guided $1.50 adjusted non-GAAP, with Wall Street at $1.52. The Nvidia earnings report history, though, shows that beating estimates does not guarantee an NVDA stock surge.

Q4 FY2026 guidance vs. Wall Street estimates
Source: Fool.com

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A 3% beat in Q3 fiscal 2026 sent shares down 3.2%, while a 12% beat in Q4 fiscal 2024 pushed them up 16.4%.

NVDA earnings beat vs. stock price reaction
Source: Fool.com

Nvidia Stock Forecast BofA Optimism vs. Short-Term Caution

At the time of writing, short-term technicals lean bearish, with 12 bearish signals against 5 bullish ones and the moving average consensus reading Strong Sell. That sits in stark contrast to the longer-term NVDA stock price today trajectory and the broader Nvidia earnings report setup heading into February 25.

NVDA technical consensus
Source: TipRanks

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