(News Bulletin 247) – Wells Fargo reaffirms its ‘overweight’ recommendation on Nvidia with a price target raised from 500 to 600 dollars, the day after the publication by the graphics chip designer of its second quarter results.
The broker specifies that its new target price of 600 dollars represents 37 times its EPS estimate for the year 2025, raised to 16.20 dollars against 12.60 dollars in the previous estimate.
“Despite a very high bar, we consider Nvidia’s data center offering expansion and visibility feedback to be incrementally positive,” Wells Fargo said in its note summary.
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