The target price still has about 30% room for growth, and sentiment completely reversed after the earnings report.

BlockBeats reports on May 21, NVDA announced its Q1 earnings, and multiple investment banks raised their target prices: Baird from 300 to 500, Bank of America from 320 to 350, Benchmark from 250 to 335, Jefferies from 275 to 300, JPMorgan from 265 to 280. The current stock price is approximately $223, and analysts' confidence in AI chip demand, the Blackwell platform, and data center growth has increased, with the average target price still implying about a 30% upside.