Wall Street analysts have issued a flurry of price-target increases for Nvidia Corp. after the chipmaker’s latest quarterly results and outlook reinforced expectations of continued demand for its artificial-intelligence processors. Bank of America Global Research lifted its target to $235 from $220, the highest among the newest revisions. Citigroup moved to $210 from $190, while JPMorgan raised its view to $215 from $170. Morgan Stanley boosted its target to $210 from $206, noting Nvidia’s "unprecedented" guidance for a $7 billion sequential revenue gain even without sales to China. Additional upgrades came from Jefferies ($205), Deutsche Bank ($180), Argus Research ($220) and DA Davidson ($195). KeyBanc and other brokerages also nudged their projections higher, leaving most estimates clustered between $205 and $235. The broad upward revisions underscore confidence that Nvidia can sustain 30-plus-percent annual revenue growth through the second half of the decade as companies race to deploy AI infrastructure.
$NVDA PRICE TARGETS INCREASED ACROSS THE STREET: JPMorgan: $170 → $215 Rosenblatt: $200 → $215 Benchmark: $190 → $220 BofA Securities: $220 → $235 Citi: $170 → $215 Jefferies: $200 → $205 KeyBanc: $215 → $230 DA Davidson: $135 → $195 Truist Securities: $210 → $228
$NVDA new price target upgrades https://t.co/g3Bjz8sFnO
🚨 WALL STREET TURNS BULLISH ON NVIDIA AHEAD OF EARNINGS SURGE Multiple top brokerages have raised their price targets for NVIDIA (NVDA), signaling strong confidence ahead of its Q2 earnings. JPMorgan, Citi, BofA Securities, and others now peg the stock between $205 and $235, https://t.co/n18qsArqxZ