Wall Street is getting louder about Nvidia. Multiple financial firms have raised their price targets on the chipmaker, reflecting a growing conviction that the AI infrastructure boom is far from peaking.
The upgrades span a wide range of firms. Melius Research bumped its target from $240 to $275 while maintaining a Buy rating. Goldman Sachs lifted its target to $210, pointing to Nvidia’s deepening partnerships. Cantor Fitzgerald reiterated an Overweight rating with a $240 price target. The average Wall Street target now sits somewhere between $275 and $281, depending on the dataset you look at.
What’s driving the optimism
The short answer: data centers and AI. The slightly longer answer: every major tech company on the planet is racing to build out AI infrastructure, and Nvidia’s GPUs are the picks and shovels in this particular gold rush.
Melius Research specifically cited Nvidia’s critical involvement in AI infrastructure and the sustained demand for servers as the foundation of its upgraded outlook. Think of it this way: if AI models are the engines, Nvidia is building the factories that make the engines. That’s a pretty comfortable position to occupy.
