[Alpha Biz= Reporter Kim Minyoung] Wall Street analysts have consistently raised the target price for Nvidia, a leading artificial intelligence company.

Ahead of the company's first-quarter earnings announcement, Stifel raised its target from $910 to $1,085, indicating over 17% upside potential.

Stifel analyst Ruben Roy stated, "We believe Nvidia is well-positioned in a market that offers a long-term opportunity path to generate over $100 billion in total addressable market by 2025 and reach the trillion-dollar mark."

Baird adjusted its target price upward from $1,050 to $1,200 per share, suggesting nearly 30% upside potential.

Analyst Tristan Gerra mentioned, "Our channel checks indicate Nvidia's AI business is unrivaled in the mid-term."

Barclays analyst Tom O'Malley maintained his overweight rating on Nvidia and raised the target price from $850 to $1,100 per share.

According to FactSet consensus, analysts expect earnings of $5.59 per share and revenue of $24.57 billion, implying 8.3% revenue growth from the previous quarter and an 11% revenue expansion over the same period.

 

 

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