Nvidia Price Target Soars to $515 Trillion Market Cap

Nvidia's price target has been raised to $515 by Raymond James analyst Simon Leopold, implying a market capitalization of roughly $12.4 trillion.

This valuation is more than double Nvidia's current market value and represents about 132% upside from its closing price yesterday under $210.

The growth in Nvidia's revenue is unprecedented, with the company reporting $96.2 billion of quarterly revenue for fiscal 2027's second quarter, up 106% year over year.

Nvidia's data center revenue jumped 117% to $89 billion, and the company forecast $108 billion of revenue for the current quarter.