Multiple Investment Banks Cut Nvidia Price Targets

Starting on November 10, 2026, a wave of investment banks began lowering their price targets for NVIDIA, with the adjustments landing over the following days. Citi moved first, cutting its target from $315 to $285 on November 10 and then trimming it further to $225. RBC brought its target down from $330 to $230. Bernstein was more decisive, downgrading NVIDIA from Outperform to Inline and slashing its target from $400 to $200.

The revisions spread quickly across the sell side. Evercore ISI downgraded NVIDIA to Inline with a target of $186. BofA Global Research reduced its target from $350 to $280. Stifel cut from $315 to $205, Mizuho lowered from $315 to $250, and Baird dropped from $500 to $200 while shifting to a Neutral rating. Wells Fargo was the notable outlier in approach: it trimmed its target from $315 to $300 but kept an Overweight rating.

Taken together, the moves show two patterns rather than a single uniform judgment. Most banks paired weaker price targets with changed ratings, while a few, like Wells Fargo, kept their conviction intact even as they marked numbers down. The coverage describes this divergence as unresolved opinion on NVIDIA's near-term path, and the picture currently stands at the set of revised targets and ratings listed above, with no further developments reported since.