NVIDIA's latest quarterly earnings report has led to a wave of increased price targets from major Wall Street firms. Despite the strong performance and optimistic guidance, NVIDIA's stock remained flat in pre-market trading at $223, maintaining a market capitalization of $5.4 trillion. Melius Research raised its price target for NVIDIA to $400, while Bank of America Global Research and Benchmark increased their targets to $350 and $335, respectively. The average Wall Street target price for NVIDIA is now approximately $307. If NVIDIA's stock reaches this average, its market cap could exceed $7.4 trillion, and if it hits Melius Research's peak target of $400, the market cap could soar to $9.68 trillion.
NVIDIA's Strong Earnings Prompt Wall Street to Raise Price Targets
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