Wedbush analyst Matt Bryson raised the firm’s price target on Nvidia (NVDA) to $160 from $138 and keeps an Outperform rating on the shares ahead of quarterly results. The firm’s FY2025 numbers increase in-line with its increased sales forecast for Q3 revenues, with the upside last quarter flowing into Q4. The increase in Wedbush’s FY2026 revenue and EPS forecast reflects its confidence around spending into the out year. The firm’s price target lifts in conjunction with the growth in its out-year estimates as Wedbush continues to derive its target by applying a 36-times multiple to its FY2026 EPS.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Nvidia price target raised to $170 from $140 at Raymond James
- Nvidia price target raised to $180 from $160 at Susquehanna
- Nvidia price target raised to $175 from $150 at Oppenheimer
- Samsung completing HBM4 development to secure Nvidia orders, DigiTimes says
- HSBC ups Nvidia target to $200 with AI growth ‘back on track’