Wells Fargo raises NVIDIA's price target to $315, up nearly 19% from the previous target

Odaily Planet Daily News Wells Fargo raised its price target for NVIDIA from $265 to $315, maintaining an "Overweight" rating. Based on the latest adjustment, the new target price is approximately 18.9% higher than the previous one. It is reported 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, corresponding to potential data center revenue of $628 billion. Wells Fargo also raised its revenue forecast for NVIDIA's fiscal year 2027 to $378.9 billion, and its earnings per share forecast to $8.45. (Jin Shi)