NVIDIA Corporation (NASDAQ: NVDA) has managed to yet again exceed the most bullish expectations of Wall Street. Gone are the days of NVIDIA being just a PC and gaming graphics chipset leader. It’s all A.I. and datacenters and future technologies coming to fruition now rather than later. NVIDIA also committed to a much needed 10-for-1 stock split along with a stellar A.I.-infused earnings report.
Wall Street is already coming out swinging for the fences with even larger analyst price targets. NVIDIA closed at $949.50, but shares were indicated up 7% at $1,017.25 on Thursday morning’s post-earnings reaction. Its shares had traded above $1,000 for the first time on Wednesday’s after-hours trading session.
Here are some of the top analyst target hikes already seen for NVIDIA on Thursday morning:
- BofA Securities (Buy) to $1320 from $1100.
- Evercore ISI (Outperform) to $1310 from $1160
- Goldman Sachs (Buy) to $1200 from $1100
- Mizuho (Buy) to $1180 $1000.00
- Needham & Co. (Buy) to $1200 from $850
- Piper Sandler (Overweight) to $1200 from $1050
- Wolfe Research (Outperform) to $1250 from $1200
And… Here is what NVIDIA looks like at $2,000 price targets…
More NVIDIA price target hikes are to be expected throughout the morning.
Categories: Investing