Wells Fargo Raises Nvidia Price Target to $315, Up Nearly 19% from Previous Target

Odaily reports that Wells Fargo has raised its price target for Nvidia from $265 to $315, maintaining an "Overweight" rating. Based on the latest adjustment, the new target price represents an increase of approximately 18.9% from the previous level. It is understood that Nvidia's deployed AI computing 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 potentially reaching $628 billion. Wells Fargo has also raised its revenue forecast for Nvidia in fiscal year 2027 to $378.9 billion, and its earnings per share forecast to $8.45. (Jinshi)