Nvidia price target raised to $300 from $245 at Evercore ISI

Evercore ISI analyst C.J. Muse raised the firm’s price target on Nvidia to $300 from $245 and keeps an Outperform rating on the shares after the company reported a beat for the January quarter and "even better outlook" for the April quarter. With expectations for data center revenues to accelerate throughout all of calendar 2023, the firm said this report "should be well received" given the fears ahead of the report of decelerating data center demand and potential for a total revenue guide down for April.