Huo Xing Cai Jing reports that on May 21, following NVIDIA’s release of its Q1 earnings report this morning, multiple investment banks raised their price targets. Specifically: Baird increased 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. With NVDA’s current stock price at approximately $223, this upward revision 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.
NVIDIA's Q1 Earnings Prompt Multiple Banks to Raise Price Targets
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Summary
NVIDIA’s Q1 earnings prompted multiple banks to raise their price targets for the stock. Baird raised its target to $500, Bank of America to $350, and JPMorgan to $280. With NVDA currently trading at $223, these upward revisions underscore strong demand for AI chips and data center growth. Analysts see a potential 30% upside. Altcoins to watch may also benefit from broader momentum in the technology sector.
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