Wells Fargo cuts Nvidia price target to $300 amid CEO investigation concerns
Wells Fargo lowered its price target for Nvidia to $300 from $315 while keeping an Overweight rating, citing ongoing investigations into CEO Jensen Huang as a risk factor. The stock has fallen 13.6% over the past week and was trading at $178.67. The bank also expects Nvidia to report fourth‑quarter fiscal 2027 revenue of $126.4 billion and EPS of $2.77, above consensus estimates. Nvidia’s twelve‑month revenue rose 83% to $303 billion with a gross margin of 74.7%.
Why it matters
The reduced target suggests a lower valuation ceiling for investors, potentially pressuring the share price. Wells Fargo’s forecast of revenue and EPS above consensus may still support a positive outlook despite the target cut.
Key facts
- 1Wells Fargo lowered Nvidia's price target to $300 from $315. investing.com
- 2The price target reduction represents a 4.8% decrease. tradingview.com
- 3Nvidia's stock fell 13.6% over the past week. investing.com
- 4The stock was trading at $178.67. investing.com
- 5Wells Fargo expects fourth‑quarter fiscal 2027 revenue of $126.4 billion. investing.com
- 6Wells Fargo maintains its fourth‑quarter fiscal 2027 EPS estimate at $2.77. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.