Raymond James backs Nvidia ahead of Q1 with $323 target
TL;DR Summary
Raymond James keeps Nvidia (NVDA) at Strong Buy with a $323 target ahead of its May 21 Q1 report, citing a growing product roadmap and AI-inference ramp. The firm also notes Nvidia’s long-term outlook of roughly $1 trillion in cumulative GPU revenue through 2027 and believes the stock remains attractive on a roughly 18x 2027 P/E, with broader Street consensus implying about 22% upside.
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