Nvidia's stock has taken a beating in the recent selloff of AI-related shares, but Wall Street analysts aren't backing away from the chipmaker.

According to 24/7 Wall St., the average analyst price target for Nvidia over the next 12 months sits at $252.14. That figure implies roughly 27.62% upside from the stock's recent price of $197.58 — in other words, analysts collectively expect the shares to climb more than a quarter from where they've fallen to.

The headline number, often rounded to "$250," is notable precisely because it comes despite what 24/7 Wall St. describes as a hard slide in the broader AI-compute selloff. Nvidia makes the graphics processors that power much of today's artificial intelligence boom, so its stock has become a bellwether for investor sentiment on AI overall. When enthusiasm cools, Nvidia tends to feel it sharply.

The outlet frames the gap between the beaten-down current price and the higher target as a bet on fundamentals: the underlying business, in the analysts' view, remains strong enough to justify a recovery even as the market swings.

It's worth keeping the nature of these numbers in perspective. A price target is a forecast, not a promise — analysts routinely revise them as conditions change, and a 12-month horizon leaves plenty of room for surprises in either direction. The source material here is a single price-prediction piece, so the optimism reflects one aggregated analyst view rather than a guarantee of where the stock will land.

Why it matters: Nvidia is one of the most closely watched stocks in the market, and whether Wall Street holds its bullish targets through an AI selloff signals how much confidence investors still place in the AI trade as a whole.