Wells Fargo Hikes NVIDIA Price Target to $315 Ahead of Earnings: Is the AI King Still Cheap at 20x P/E?

24/7 Wall St.·May 12

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Wells Fargo has raised its price target for NVIDIA stock to $315 ahead of earnings. Some analysts are expressing bullishness about the company's prospects, particularly regarding its data center revenue and potential in the AI sector. NVIDIA's stock has been rising, hitting an all-time high, with some outlets reporting further upside predicted by Wall Street analysts.

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