Wells Fargo raises Nvidia target price to $315, an increase of nearly 19% from the previous target.
According to Odaily, Wells Fargo has raised Nvidia's target price from $265 to $315, maintaining an "Overweight" rating. Based on the latest adjustment, the new target price is approximately 18.9% higher than before. Nvidia's deployed AI computing power capacity is expected to grow from approximately 9.2GW in fiscal year 2026 to 25.2GW in fiscal year 2029, with corresponding data center revenue projected to reach $628 billion. Wells Fargo has also raised its revenue forecast for Nvidia for fiscal year 2027 to $378.9 billion, and its earnings per share forecast to $8.45. (Golden Ten Data)
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