Wells Fargo Lowers Nvidia Price Target to $300 While Maintaining Overweight Rating

Wells Fargo reduced its price target on Nvidia Corporation to $300 from $315, while maintaining an Overweight rating. Prior to the adjustment, Nvidia shares closed at $178.67, with the new target still signaling significant upside potential. The adjustment reflects valuation recalibrations and moderated near-term expectations across the artificial intelligence and hardware sectors, even as demand for AI infrastructure remains substantial. Sources named Aaron Rakers and Matt Bryson as the Wells Fargo analysts behind the updated price target.