Wells Fargo Lifts NVIDIA Target to $315 From $265 on Sub-20x Earnings View
Updated
Updated · Insider Monkey · May 15
Wells Fargo Lifts NVIDIA Target to $315 From $265 on Sub-20x Earnings View
4 articles · Updated · Insider Monkey · May 15
Wells Fargo raised NVIDIA’s price target to $315 from $265 on May 12 and kept its Overweight rating, arguing the stock looks attractive at less than 20 times earnings.
NVIDIA shares have climbed 16% over the past month, with the call landing as investors reassess AI-chip valuations after a period of heavy selling.
Jim Cramer said NVIDIA had become cheaper than AMD despite faster growth, adding that some investors no longer own the stock after months of selling pressure.
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