Nvidia price target raised to $1,250 from $1,150 at Wells Fargo
Wells Fargo raised the firm's price target on Nvidia to $1,250 from $1,150 and keeps an Overweight rating on the shares following quarterly results. While pre-quarter sentiment had likely reflected more Q1 2025 datacenter upside, Nvidia's comments on Hopper H200 and Blackwell demand over supply into FY25 will and should be taken as key positive, the firm says. Wells thinks Nvidia's comments on enterprise AI plus cloud rental represented an incremental takeaway. The firm continues to believe this represents an inflecting driver of the company's AI Enterprise software monetization.
