Bank of America has increased Nvidia’s price target to $1,100 from $925, maintaining a ‘Buy’ rating. The adjustment is attributed to a broader opportunity, a robust pipeline, and an appealing valuation. The new target is determined using a 37x CY25 PE, aligning with historical ranges of 26x to 69x, but adjusted upward due to the … Continue reading Bank of America Raises Nvidia’s Price Target to $1,100: Optimism Fueled by Growing AI Opportunities and GTC Anticipation