Odaily Planet Daily report: Wells Fargo raised NVIDIA’s target price from $265 to $315, maintaining an “Overweight” rating. Based on the latest adjustment, the new target price represents an approximately 18.9% increase from the previous level. It is reported that NVIDIA’s AI computing capacity will grow from approximately 9.2 GW in fiscal year 2026 to 25.2 GW in fiscal year 2029, corresponding to potential data center revenue of $628 billion. Wells Fargo also raised its fiscal year 2027 revenue forecast for NVIDIA to $378.9 billion and its earnings per share forecast to $8.45. (Jinshi)
Wells Fargo raises NVIDIA's price target to $315, an 18.9% increase.
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Summary
Wells Fargo has raised its NVIDIA price target to $315, an 18.9% increase from $265, while maintaining an 'Overweight' rating. The bank expects NVIDIA’s AI computing capacity to surge to 25.2 GW by fiscal 2029, potentially driving data center revenue to $628 billion. Among altcoins to watch, this development could influence crypto price trends. Wells Fargo also increased its 2027 revenue forecast to $378.9 billion and EPS forecast to $8.45.
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