NVDA Stock Price Forecast — Top Analysts Give Multiple Downgrades Ahead of November 17 Earnings amid CEO Jensen Huang Fiasco TipRanks Thu, November 12, 2026 at 3:45 PM EST 3 min read NVDA -4.29% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nvidia (NVDA) stock fell over 7% in Thursday's pre-market session. The decline came after a 2.87% gain during regular hours, as reports about CEO Jensen Huang's possible removal rattled investors. The leadership fiasco comes just days before Nvidia's Q3 FY27 earnings on November 17.
The board is reportedly weighing Huang's future after allegations involving the CEO. Meanwhile, Wall Street remains divided on the stock, with several top analysts cutting their ratings. However, Mizuho maintained its Outperform rating, citing Nvidia's strong AI position despite growing leadership concerns. Overall, analysts see an average price target of $283.83, implying 63% upside.
For context, Wall Street expects Nvidia to report Q3 FY27 EPS of $2.47, up 90% from $1.30 a year earlier. Revenue is forecast to jump 91% year over year to $108.84 billion, driven by strong AI data-center demand and the ramp of its next-generation Rubin architecture.
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Several 5-star analysts downgraded Nvidia on Thursday amid concerns about CEO Jensen Huang's possible departure. The rating changes reflect growing caution around Nvidia's leadership and succession risks.
KeyBanc: KeyBanc analyst John Vinh downgraded Nvidia from Overweight to Sector Weight.
Melius Research: Melius Research analyst Ben Reitzes lowered Nvidia from Buy to Hold.
Evercore ISI: Evercore ISI analyst Mark Lipacis cut Nvidia from Outperform to In Line and lowered its price target to $186 from $465.
William Blair: William Blair analyst Sebastien Naji downgraded Nvidia from Outperform to Market Perform.
Oppenheimer: Oppenheimer analyst Rick Schafer cut Nvidia from Outperform to Perform.
Bernstein: Bernstein analyst Stacy Rasgon lowered Nvidia from Outperform to Market Perform and cut its price target to $200 from $400.
Oppenheimer's Schafer downgraded Nvidia from Outperform to Perform and removed his price target. He called Huang's possible departure a "material, potentially thesis-changing event." Schafer said Huang's leadership has been critical to Nvidia's success. He warned that his exit could trigger a "brain drain" and threaten the company's pace of innovation. While Schafer sees upside to Nvidia's upcoming results, he expects leadership concerns to weigh on shares in the near term.
Likewise, Bernstein's Rasgon took a more cautious view. He downgraded Nvidia from Outperform to Market Perform and cut his price target to $200 from $400. Rasgon said Nvidia's business fundamentals remain "clearly still intact," with numbers "probably still headed higher." However, he said the new allegations and possible investigations create additional uncertainty. Rasgon also questioned whether investors should buy the stock in size, given the risk of more negative headlines and questions around future leadership.
Meanwhile, Mizuho analyst Vijay Rakesh reiterated an Outperform rating and a $250 price target. He said Nvidia's "supply-chain moat remains solid," despite growing concerns around its leadership. Rakesh warned that future investigations and distractions could challenge the company into 2027. Rakesh also said Huang could step down as CEO but remain involved as non-executive chairman.
On TipRanks, NVDA has a Strong Buy consensus rating based on 32 Buys and three Hold ratings. The average Nvidia price target of $283.83 implies 63% upside potential from current levels. Year-to-date, NVDA shares have dropped 6.8%.
