Nvidia's Price Target Raised to Street High of $1,400, as Cantor Analyst Expects Nvidia's Revenue to Reach Trillions

Benzinga 2024-05-28

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Cantor analyst C.J. Muse raised Nvidia's price target to a Street High of $1,400, suggesting a 31.5% upside. Muse praised Nvidia's consistent execution and described its recent quarterly performance as "flawless." Muse believes Nvidia's revenue opportunity is even larger than currently estimated, potentially reaching into the trillions as computing costs plummet and AI becomes ubiquitous. Dozens of analysts have a "Buy" rating on Nvidia, outnumbering 3 "Hold" ratings. The average price target implies an 11% upside.

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