NVIDIA's earnings report leads Wall Street to collectively raise target prices, with the highest reaching $400

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ME News Report, May 21 (UTC+8),
Global AI chip giant NVIDIA announced its latest quarterly earnings today,
its strong performance and optimistic forward guidance once again shocking the market.
After the earnings release, mainstream Wall Street investment banks and rating agencies
issued numerous statements, sparking a massive wave of "target price upgrades."
Despite this, NVIDIA's stock price in pre-market trading remains lukewarm,
currently flat at $223, the same as yesterday's closing price,
corresponding to a market capitalization of $5.4 trillion.
Among the 14 core institutions that have updated their forecasts today,
major firms have all raised their target prices.
Among them, Melius Research is the most optimistic,
raising NVIDIA's target price from $380 to $400;
Bank of America Global Research and Benchmark
also aggressively raised their targets to $350 and $335, respectively.
The average target price for NVIDIA on Wall Street
has now approached $307.
Based on NVIDIA's current total share count of 24.2 billion shares,
if the stock price reaches the consensus average,
its total market value will steadily surpass $7.4 trillion;
and if it reaches the $400 peak projected by Melius Research,
NVIDIA's market cap will further soar to an astonishing $9.68 trillion,
continuing to set new records in the global capital markets. (Source: ODaily)
NVDA-1.47%
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GasFeeSensitivity
· 3h ago
NVDA's market value is almost catching up to the total of BTC + ETH, unbelievable
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StargazingUnderTheGlassDome
· 3h ago
14 institutions simultaneously raise their estimates, with Melius calling for $400—are we heading towards a trillion-dollar market?
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GlowingHotAirBalloon
· 3h ago
Strong performance is strong, but the valuation has already priced in up to 2026.
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BlocktimeBarista
· 3h ago
Pre-market 223, target average price 307, with 40% room left, but the AI bubble theory is also starting to emerge.
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ReflectiveKey
· 3h ago
Calculating at an average price of 307, it amounts to 7.4 trillion, causing Apple and Microsoft to tremble.
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SlowerThanBlock
· 3h ago
Bank of America 350 Benchmark 335, institutions are getting competitive, whoever calls for lower prices feels awkward
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RugPullEnjoyer
· 3h ago
5.4 trillion to 9.68 trillion, this number has become so abstract that it has no concept anymore
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