Wells Fargo raised its price target for Nvidia to $315, an increase of nearly 19% from its previous target.
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According to AIMPACT, on May 12 (UTC+8), Wells Fargo raised its price target for Nvidia from $265 to $315, maintaining an "Overweight" rating. Based on the latest adjustment, the new price target represents an increase of approximately 18.9%. It is understood that Nvidia's deployed AI computing power capacity will grow from approximately 9.2GW in fiscal year 2026 to 25.2GW in fiscal year 2029, corresponding to data center revenue expected to reach $628 billion. Wells Fargo also raised its revenue forecast for Nvidia in fiscal year 2027 to $378.9 billion and its earnings per share forecast to $8.45. (Source: ME)
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