(News Bulletin 247) – Wedbush raises its recommendation from Neutral to Outperform on Nvidia stock and raises its price target from $290 to $490.
“The magnitude of AI-related growth implied by Nvidia’s outlook surprised everyone,” the analyst said.
As such, ‘our expectations for future revenue are rising, our revised guidance for fiscal year 2026 now estimates $67 billion in sales, up nearly 50% from our previous guidance of $45 billion’ , continues the broker.
And to conclude that Nvidia’ should trade at around 40 times earnings. Which suggests a price target of $490. ‘
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