Wedbush Raises Nvidia Price Target to $300 Citing Strong AI Demand
Wedbush analyst Matt Bryson raised Nvidia’s price target from $230 to $300 and maintained an outperform rating, citing robust hyperscaler capex, AI model development and enterprise demand. Nvidia closed at $183.34 with a market cap above $4.45 trillion, reflecting investor confidence following its blowout earnings.
1. Price Target Bump
Wedbush analyst Matt Bryson raised Nvidia’s price target from $230 to $300 and maintained an outperform rating, signaling heightened confidence in the company’s AI-driven growth trajectory.
2. Growth Drivers
Bryson highlighted key structural drivers powering Nvidia’s momentum, including massive hyperscaler capital expenditures, rapid AI model development cycles and growing enterprise GPU deployment.
3. Current Market Position
Nvidia’s shares closed at $183.34, valuing the company at just over $4.45 trillion after its latest blockbuster quarterly results, underscoring strong investor demand.
4. Analyst Track Record
Matt Bryson has delivered an 88% success rate across 47 Nvidia ratings, reinforcing his reputation within Wedbush’s technology research team as a top semiconductor analyst.