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Update: Wedbush Adjusts Nvidia Price Target to $345 From $330, Maintains Outperform Rating

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(Updated to include Wedbush commentary)

Wedbush raised its price target on Nvidia (NVDA) to $345 from $330 following the company's reported Q2 earnings.

Wedbush highlighted incremental positives, such as both revenue and EPS beating consensus, Q3 revenue guidance of $108 billion coming in nearly $4 billion above estimates, likely still reflecting some customary conservatism. Management also guided to roughly 70% 2028 revenue growth and framed the revenue outlook as being supply bound, given customer forecasts pointing to demand roughly doubling.

Nvidia has an average rating of buy and mean price target of $327.47, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Price: $228.36, Change: $+18.70, Percent Change: +8.92%

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