As a case in point, Deutsche Bank ( ETR:DBK) analyst Ross Seymore raised NVIDIA’s stock price target today to $300 from $290 while retaining a ‘Hold’ rating for the stock. NVIDIA’s upcoming earnings announcement continues to spur analyst upgrades. Moreover, according to the BMO analyst, NVIDIA can “grow its datacenter business to at least a $20B annual run rate versus the $4.8B for this year.” Consequently, the analyst believes that the company can grow its EPS to a whopping $20 per share over the long-term.

' uniquely positioned to continue to benefit from a massive shift in the compute landscape.” NVIDIA (NVDA) PT Raised to $370 at Jefferies Novem8:44 AM NVIDIA (NVDA) PT Raised to $375 at BofA Securities Novem8:37 AM BMO Capital Reiterates Outperform Rating on NVIDIA (NVDA) Novem7:06 AM NVIDIA (NVDA) PT Raised to $285 at Deutsche Bank Novem6:58 AM NVIDIA (NVDA)'s Data Center Growth Drives Numbers Higher - Morgan Stanley Novem6:45 AM NVIDIA (NVDA) Shares Rally After Q3 Earnings, Guidance Topped Consensus, Data Center Business Excels, Analysts Bulled-up Novem6:29 AM NVIDIA's (NVDA) Story is All About AI, Credit Suisse Discusses the Big Picture Novem6:17 AM NVIDIA (NVDA) PT Raised to $335 at Mizuho Securities Novem6:17 AM NVIDIA (NVDA) PT Raised to $350 at JPMorgan Novem5:40 AM NVIDIA (NVDA) PT Raised to $350 at Piper Sandler on Data Center and Gaming Strength Novem4:52 AM NVIDIA (NVDA) PT Raised to $350 at KeyBanc Novem4:32 AM Stocks expected to have increasing option volume: CSCO M NVDA BBWI WSM Novem4:13 AM After-Hours Stock Movers 11/17: (VSCO) (NVDA) (SONO) Higher (CSCO) (KHC) Lower (more.“While no one single event drives the change in thinking, the company's continued execution on the datacenter side, along with the latest product rollout, warrants a more positive stance on the shares.”

Nvda price target raised