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Raymond James 5-star analyst Simon Leopold raises Nvidia price target to a Street-high $515 from $352, implying 46% upside
Raymond James 5-star analyst Simon Leopold raised Nvidia's price target to a Street-high $515 from $352, a 46% increase, while reiterating a Strong Buy rating. This move follows Nvidia's strong earnings report on August 26, which surpassed Wall Street expectations. Leopold believes the market is underestimating Nvidia's scale, seeing supply rather than demand as the biggest obstacle, and projects annual sales could reach $1 trillion by January 2029.
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