Despite a 9% weekly rally that pushed Nvidia Corp. (NASDAQ:NVDA) to a $5 trillion valuation milestone, Goldman Sachs says the party is far from over.

The investment bank sees more upside ahead for the AI chip leader, with analyst James Schneider lifting the stock's 12-month price target to $240, up from $210. That implies nearly 20% upside from current levels.

In a Friday note, Schneider reaffirmed a Buy rating on Nvidia, citing better visibility into its $500 billion datacenter revenue forecast, accelerating AI infrastructure demand, and improving clarity around OpenAI's chip deployments and the upcoming Rubin architecture ramp in calendar year 2026.

Goldman's call marks the second major Wall Street upgrade this week, following Bank of America's $275 target earlier—fueling growing conviction that Nvidia still has room to run even after its historic surge.

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$500B In Orders, And Growing

According to Goldman, the main driver of bullish sentiment is Nvidia's ability to secure over $500 ...