On November 3, Loop Capital adjusted its target price for Nvidia (NVDA.O) upwards, from $250 to $350. This revision suggests a potential 73% increase from the current price, while the firm reaffirmed its 'Buy' rating. Analyst Ananda Baruah projected that by early 2026, Nvidia's GPU shipments would surge to 2.1 million units, doubling from their current levels. Coupled with price hikes, this development is expected to fuel significant revenue growth. Baruah highlighted that Nvidia is at the forefront of a new AI-driven 'gold rush.' However, he also pointed out potential risks, including power supply constraints, infrastructure challenges, and regulatory uncertainties. He anticipated that Nvidia would sustain its robust growth trajectory during the Blackwell chip cycle, with a long-term price target that could even reach $400. This year, Nvidia's stock has seen a cumulative 51% increase, with an additional 2% rise recorded before the market opened on Monday. Currently, out of 66 analysts, 60 have assigned a 'Buy' rating, reflecting a strong sense of market optimism.