Nvidia still 'the one' for AI? BNP Paribas raises target to $345, sees up to 47% upside

BNP Paribas has raised its target for Nvidia to 345, identifying as much as 47% upside for the company’s shares. The view keeps Nvidia at the center of investor attention surrounding the artificial intelligence market.

Higher target for Nvidia

The revised target was highlighted in a market update dated October 3, 2026. The information provided does not include the previous target, the bank’s valuation reasoning or details on the assumed share price.

BNP Paribas’s assessment positions Nvidia as a leading name in the AI investment discussion. The bank’s projected upside indicates that it sees further room for the shares to rise from the level used in its analysis.

What investors know

The update offers a positive view from BNP Paribas, but no additional details were provided on earnings, demand, competition or risks facing Nvidia. As a result, the specific factors behind the revised target remain unspecified.

For now, the central development is the target increase itself: BNP Paribas has set a level of 345 and expects potential upside of up to 47%. Further market implications will depend on the assumptions supporting the bank’s view, which were not included in the available information.