BlockBeats News, May 21st, following Nvidia's Q1 earnings report this morning, several investment banks have raised their price targets. Among them:

Baird raised its target 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 price of NVDA is around $223. This target price increase reflects analysts' strong confidence in AI chip demand, the Blackwell platform, and data center growth, with the average target price implying a further upside of around 30%.