Truist Securities raised its price target on Nvidia (NVDA) to $307 from $287, maintaining a Buy rating.
The stock trades at $218.01. P/E ratio is 45.09, while PEG ratio is 0.68.
Truist cited strong Q1 results and Q2 outlook. They see AI TAM CAGR at 50% and TAM of $3-4 trillion by 2030.
Nvidia's revenue surged 65% over the last twelve months. The company has an "EXCELLENT" financial health score.
Truist raised 2027 EPS estimate to $12.29 from $11.48. The new target is based on 25x multiple, a 10x discount to peers.
Nvidia increased dividends and buybacks. The biggest challenge is the law of large numbers.
