Wedbush Raises Price Target on Nvidia to $230

Wedbush analyst Matt Bryson raised the price target on Nvidia to $230 (from $210), while maintaining an ‘Outperform’ rating on the stock.

“We are reiterating our OUTPERFORM on NVDA and lifting our PT from $210 to $230.

We believe results ($57B) and guidance ($65B and 75% GMs) matched buy side hopes. And NVDA’s reiteration of its previously targeted $500B in Blackwell/ Rubin revenues by end of CY’26 (with 75% GMs expected to hold through FY’27), again suggests upside vs. our/Street consensus numbers (particularly with management’s commentary implying probable upside to this number).

Nvidia indicated certain new deals weren’t anticipated in their projection for $500B in Blackwell/Rubin sales by end of CY’26.

Our model (despite being revised meaningfully higher) implies data center sales a touch below the $0.5 trillion estimate, suggesting room for further upward revisions should NVDA continue to close previously unanticipated deals.

While, increasing component and material costs are a concern for our entire hardware coverage, we view NVDA as positioned to sidestep any headwinds, an opinion we see as validated by management’s comments.”

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.