Nvidia (NVDA) analysts at JPMorgan lift price target; Jensen Huang says Blackwell chip sales to China on the cards

Analysts are staying bullish on Nvidia, boosting price targets even as the world’s most valuable company offered a forecast that underwhelmed investors.

Citing the chip giant’s longer-term prospects, at least 10 firms hiked their 12-month price targets after its results on Wednesday (Thursday AEST), raising the average by 3 per cent to $US202.60 ($310.30), according to data compiled by Bloomberg. That implies a gain of about 12 per cent from Wednesday’s close.

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Bloomberg