Susquehanna Raises Nvidia Price Target Amid AI Demand Surge
- Susquehanna increased Nvidia’s price target from $250 to $275 due to rising AI chip demand.
- The new target reflects a valuation of 30.5 times estimated earnings for calendar year 2026.
- A consensus of 60 analysts rates Nvidia as a Buy, with an average price target of $269.95, indicating a potential upside of 22.27% from the recent close at $220.78.
- Nvidia shares rose by 2.98% to $227.35 on the day of Susquehanna’s upgrade, marking a year-to-date gain of 21.73%.
- Bank of America also increased its price target for Nvidia from $300 to $320, maintaining a Buy rating.
Nvidia’s stock is experiencing significant interest as AI infrastructure spending continues to drive demand, with analysts projecting further growth potential based on current valuations and upcoming earnings reports.
Source (3.2)https://cryptobriefing.com/susquehanna-nvidia-price-target-275-ai/?rand=59535
