$NVDA - WELLS FARGO RAISES NVIDIA PT TO $265 FROM $220
Wells Fargo lifted its Nvidia price target from $220 to $265 and kept an Overweight rating. Analyst Aaron Rakers raised estimates for FY27–FY28 on stronger hyperscale capex and continued AI/data center momentum.
He now models revenue of $209B (FY26), $302B (FY27), and $383B (FY28), with data center sales driving most of the growth. Rakers says Nvidia’s supply ramp and strong demand visibility through 2026+ support a ~30x CY27 P/E and that upside EPS could reach $9/share.
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