Wells Fargo Lifts Nvidia Target to $315 as Bank Sees 44% Upside
Updated
Updated · CNBC · May 12
Wells Fargo Lifts Nvidia Target to $315 as Bank Sees 44% Upside
5 articles · Updated · CNBC · May 12
$315 is Wells Fargo's new Nvidia price target, up from $265, with the bank keeping an overweight rating and saying the stock still has 44% upside from Monday's close.
Strong AI compute demand is the main driver: the bank said demand still exceeds supply and Nvidia's ability to scale gigawatts of AI infrastructure should keep data-center revenue growing.
Blackwell was highlighted as a key revenue engine, while Wells Fargo projected the broader AI pipeline tied to Nvidia's ecosystem will exceed $1 trillion by 2027.
Nvidia shares are already up 18% this year, but Wells Fargo said the stock remains attractive at under 20 times its 2027 earnings view; 57 of 61 analysts rate it buy or strong buy.
With the power grid facing a five-year backlog, can new energy solutions prevent Nvidia’s AI revolution from stalling?
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As rivals and open-source software advance, are cracks finally appearing in Nvidia's seemingly impenetrable CUDA software moat?
Nvidia’s AI-Driven Surge: Wells Fargo Hikes Price Target to $315, Citing Capacity Expansion and Strategic Risks
Overview
Wells Fargo maintains a strong bullish outlook on Nvidia, driven by detailed projections of rapid capacity expansion and significant revenue growth. Their models forecast Nvidia’s gigawatt capacity to rise from 9.2 GW in fiscal 2026 to 25.2 GW by 2029, fueling substantial gains in data center revenue. This anticipated scaling underpins Wells Fargo’s confidence in Nvidia’s continued market dominance and financial performance. The positive sentiment is echoed by other analysts, with consistent 'Buy' ratings and high price targets, reflecting broad market optimism about Nvidia’s ability to capitalize on the booming demand for AI infrastructure and data center solutions.