Re suggests that Nvidia (NVDA -0.
However, 12%) has been one of the best-performing stocks in recent years, with its price up more than 1,000% since 2023 and around 250% since 2024, in today's financial world.
However, one Wall Street analyst believes that Nvidia still has plenty of room to soar, in today's market environment.
Phil Panaro of the Boston Consulting Group thinks that the stock could reach $800 per by 2030, representing a 370% increase from current levels.
Considering that it's already the world's largest company, that's a bold call. But is this $800 price target realistic. Furthermore, Let's back-calculate the numbers to find out.
Furthermore, Nvidia headquarters. Image source: Nvidia (this bears monitoring).
Nvidia forecasts monster growth for data centers Nvidia makes graphics cessing units (GPUs) alongside other hardware and software that support them.
Although originally designed to cess gaming graphics, GPUs are incredibly useful for any task that requires a significant amount of computing power.
Nevertheless, GPUs can cess multiple calculations in parallel, which allows them to excel at these complex tasks.
Additionally, They have been widely used in cessing engineering simulations, drug discovery, cryptocurrency mining, and their largest assignment to date: training and cessing AI models.
Nvidia sells most of its GPUs to AI hyperscalers, which then place them in data centers to create powerful computing clusters.
This analysis suggests that s revenue growth has been impressive, but it's nowhere near done expanding.
The company s to cite third-party re that shows data center capital expenditures (capex) were $400 billion in 2024 and are expected to increase to $1 trillion by 2028.
However, Considering that the chipmaker generated $115 billion in data center revenue during fiscal 2025 (which encompasses most of 2024), it captured nearly 30% of total spending on it.
NVDA Revenue (TTM) data by YCharts; TTM = trailing 12 months.
Should this $1 trillion jection come to fruition and Nvidia maintains a 30% market, that would mean it will generate $300 billion in revenue.
Over the past 12 months, the company has $149 billion in revenue, indicating 100% growth if the jection comes true.
That's far shy of the 370% growth needed to turn it into an $800 stock, as Phil Panaro jects, but it's still strong and market-beating growth.
At the same time, But Panaro's call isn't for 2028, it's for 2030, given current economic conditions. Additionally, So we need to look beyond the jection that Nvidia is citing, amid market uncertainty.
At the same time, Even an ext time frame doesn't get Nvidia to $800 The global data center capex figure cited by Nvidia in its 2025 GTC event indicates a compound annual growth rate of 26%.
Moreover, If the data center industry can maintain that growth rate for two extra years until 2030, jected capex would reach nearly $1. 6 trillion.
If the company can maintain its 30% market, its revenue would be $473 trillion, indicating 217% growth (something worth watching).
Moreover, This ly falls short of the 350% Nvidia would need to achieve the $800 price target that Panaro has assigned to the stock.
As a result, I don't think the chipmaker can reach Panaro's target within his specified time frame.
On the other hand, Still, these calculations have shown that if the data center capex jections are met over the next few years -- and Nvidia maintains its market dominance -- it can be an incredibly strong performer, dering market-crushing returns.
However, That makes it a solid stock to buy now, and I think investors would be wise to add Nvidia s over the next few months, in today's financial world.