Citi Raises Nvidia Target to $190: What’s Your Take?
Citi raised Nvidia’s price target from $180 to $190, citing a larger-than-expected total addressable market (TAM) for AI datacenter semiconductors and increased forecasts for computing and networking revenue.
The updated valuation is based on Citi’s revised FY2028 earnings per share (EPS) estimate of $6.37, using a consistent price-to-earnings (P/E) multiple of 30x.