Nvidia price target raised to $216 from $175 at Wedbush

Wedbush analyst Matt Bryson raised the firm’s price target on Nvidia to $216 from $175 and keeps a Neutral rating on the shares. The firm was surprised at Nvidia’s strong upward move post market given how much the stock has appreciated due to already elevated expectations tied to AI and ChatGPT with its data center numbers coming up light of prior expectations. Having said this, other than the modest miss in Q4 data center revenues and implied revenues that are somewhat lighter than previously expected for that business in Q1, there was a lot to like about Nvidia’s call, Wedbush adds.