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NVIDIA Q1 Earnings Prompt Multiple Banks to Raise Price Targets

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NVIDIA's Q1 earnings prompted multiple banks to raise their price targets for the stock. Baird raised its target to $500 from $300, Bank of America to $350 from $320, and others followed with similar adjustments. The current NVDA price is around $223, and these upward revisions reflect strong demand for AI chips and data center growth. With cryptocurrency price volatility easing, altcoins to watch may benefit from broader momentum in the technology sector.

BlockBeats news: On May 21, following NVIDIA's release of its Q1 financial report this morning, multiple investment banks raised their price targets, including:


Baird raised its target from $300 to $500, Bank of America from $320 to $350, Benchmark from $250 to $335, Jefferies from $275 to $300, and JPMorgan from $265 to $280.


NVDA's current stock price is approximately $223, and this upward revision in target price reflects analysts' strong confidence in demand for AI chips, the Blackwell platform, and data center growth, with the average target price suggesting around a 30% upside potential.

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