Wedbush Raises Nvidia (NVDA) Price Target to $300

NVIDIA Corporation (NASDAQ:NVDA) is one of the best WallStreetBets stocks to buy according to analysts. On March 2, Wedbush raised NVIDIA Corporation’s (NASDAQ:NVDA) price target from $230 to $300. It maintained the previous Outperform rating on the stock. The main reason for raising the price target was the earnings report on February 25. Analysts were bullish on the stock even prior to the Q4 earnings. For instance, Oppenheimer analyst Rick Schafer reaffirmed his Buy rating and price target of $265 for NVIDIA Corporation (NASDAQ:NVDA) on February 19.

In addition to Oppenheimer, RBC Capital also issued an update on the semiconductor giant on February 18. Srini Pajjuri from RBC Capital reiterated a Buy rating on the stock, along with the price target of $240. Both analyst updates anticipated a strong Q4 earnings report, which the company eventually delivered. Analysts also pointed out that competitive pressure from Broadcom and  Advanced Micro Devices continues to rise, so an earnings beat is likely a signal that Nvidia is succeeding in keeping competition at bay.

NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.