Investing

NVIDIA’s Relentless Analyst Upgrade Brigade

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

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