JPMorgan raises Nvidia target to $280
JPMorgan analyst raised his price target on Nvidia to $280 from $265, maintaining an Overweight rating.
The new target implies approximately 25% upside from Nvidia’s May 21 closing price of $223.47.
Nvidia’s market capitalization now stands at approximately $5.41 trillion, with a Strong Buy consensus and an average 12-month target of $280.31, implying 24.4% upside.