Wells Fargo raised its NVIDIA price target to $315. The previous target was $265. The firm maintained an Overweight rating ahead of the May 20 earnings report. Analysts note the stock trades at under 20 times projected 2027 earnings. This valuation suggests durable growth despite concerns regarding peak margins.
The new target exceeds the current Wall Street consensus of $269.17. NVIDIA currently holds 48 Buy ratings from analysts. The stock also maintains nine Strong Buy ratings.
NVIDIA shares rose 0.85% on May 12. The stock closed the session at $221.29. The price reflects an 8.44% rally over the past week.
A 12-month bull case projects a $283.87 price target. This forecast represents a potential 31.91% upside. Growth drivers include the Vera Rubin ramp-up. Sustained hyperscaler capex through 2027 also supports the outlook. Key risks include China trade restrictions and slowing sovereign AI orders.