2 AI Stocks to Buy Before They Soar 80% and 50%, According to Wall Street Analysts

Wall Street analysts continue to have some huge price targets on leading artificial intelligence (AI) stocks. Let's look at two AI stocks that have huge potential if these analysts are right.

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1. Nvidia

Raymond James analyst Simon Leopold recently raised his price target on Nvidia (NASDAQ: NVDA) to $323, which would be more than 80% upside, as of this writing. Leopold sees inference as being a catalyst for the stock, and with the additions of Groq LPX and Vera Rubin Ultra, he believes the company could hit $1.3 trillion in data center revenue in fiscal 2027.

Nvidia's licensing of Groq's technology and acquisition of the bulk of its employees could be one of the smartest moves the company has made. Nvidia already has a dominant position in large language model (LLM) training that is protected by its highly ingrained CUDA software platform. By incorporating Groq's language processing units, which are designed for inference, into its platform, the company has strengthened its overall ecosystem.

Not to be overlooked is Nvidia's acquisition of SchedMD, which has helped it introduce its new NemoClaw agentic AI platform.

Nvidia is becoming much more than a chipmaker, transitioning into an AI systems architect whose platform is designed for the age of inference and AI agents. With the stock trading at a forward P/E of 16 times based on fiscal 2028 estimates and potential upside to those numbers, that $323 target may not be too far-fetched.

2. Micron Technology

Another stock that recently got a price target boost is Micron Technology (NASDAQ: MU), with Barclays analyst Tom O'Malley taking his target to $675, which is more than 50% upside, as of this writing.

O'Malley was impressed by Micron's recent quarterly earnings results while noting that most of Micron's customers still aren't even close to getting the memory supply they require. The analyst also pointed to the company signing its first long-term agreement, which will span five years. These types of deals could reduce the cyclicality of Micron's business and provide it with more visibility.

Micron is seeing incredible growth and robust gross margins as memory prices continue to climb due to supply constraints and demand for high bandwidth memory continues to surge with the AI data center buildout.

Meanwhile, the stock is cheap, trading at a forward P/E of less than 8 times based on fiscal year 2027 estimates. If Micron can sign more long-term strategic customer agreements to lessen the cyclical nature of its business, the stock could still have big upside from here.

Geoffrey Seiler has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology and Nvidia. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy.