$NVIDIA (NVDA.US)$ are trading higher by 4.73% to $459.77 yesterday on continued momentum and share hit all-time high.
At the same time, several Wall Street’s financial firms updated Nvidia's ratings and its target prices.
KeyBanc lifts target price on Nvidia to $550 from $500, keeps an overweight rating. It cites strong demand for AI servers across customer segments. The analysts reported that Nvidia had secured enough capacity to quadruple its data center revenues in 2024.
Goldman Sachs is also more upbeat about Nvidia, maintains it buy recommendation and upped its target price on shares of Nvidia to $495 from $440. The analyst, which sees "significant runway ahead" for Nvidia's data center business from the emergence and proliferation of generative AI, increased its FY25 and FY26 revenue estimates and non-GAAP EPS estimates, on average, by 8% and 22%, respectively.
The following is the latest ratings and target prices for Nvidia from Wall Street:
