Wall Street Raises Nvidia Price Targets Across the Board

(Seoul=Yonhap Infomax) Yong Wook Kwon – Nvidia Corp. has reported earnings that surpassed market expectations, prompting a wave of upward revisions to its price target from major Wall Street institutions.

According to Business Insider (BI) on the 20th (local time), Morningstar raised its fair value estimate for Nvidia shares from $225 to $240, citing increased revenue forecasts for the company.

Brian Colello, an analyst at Morningstar, stated, "We still view Nvidia as undervalued, and concerns about a recent artificial intelligence (AI) bubble present a buying opportunity."

He added, "While long-term concerns about AI investment and energy infrastructure expansion are valid in the medium to long term, next year is expected to be another stellar year for AI."

Jefferies revised its price target for Nvidia from $240 to $250. The bank noted in its report, "This earnings result met expectations, and we observed robust demand for the ramp-up of GB300 product production."

Jefferies further commented, "Our base scenario is that Nvidia will maintain its status as the 'dominant supplier' in the data center acceleration sector."

Truist Financial raised its price target from $228 to $255, explaining, "We are revising Nvidia's target as CEO Jensen Huang's assertion that AI is not in a bubble has become increasingly credible."

Melius Research lifted its price target from $300 to $320, projecting, "Nvidia's growth will reaccelerate in fiscal year 2027."

The firm analyzed, "Nvidia has received over $500 billion in orders for Blackwell and Rubin by year-end, which implies 'revenue visibility' of about $350 billion for data centers over the next several quarters."

Wedbush senior analyst Dan Ives said, "Nvidia's earnings announcement was another critical validation moment for the AI revolution and tech stocks," predicting, "With its vision and numbers for AI spending now proven, Nvidia will join the $6 trillion market cap club within the next 12 to 18 months."

Meanwhile, Nvidia shares closed at $180.64 per share on the day.

ywkwon@yna.co.kr

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