Overview
- Shares set a new intraday record at $457.37 and closed up 9.55% at $453.12, pushing year‑to‑date gains to about 90% and leading the S&P 500 for the day.
- Citi raised its 2026 EPS estimate to $17.78 from $13.96 and increased its price target to $490, reiterating a Buy rating.
- Citi cited solid hyperscaler demand supporting higher memory pricing and flagged potential upside tied to Nvidia’s newly launched Vera Rubin platform.
- Other firms boosted targets recently, including Bernstein to $580, Benchmark to $450, Barclays to $385, Wells Fargo to $380, and RBC initiating coverage at $400.
- The company is set to report fiscal second‑quarter 2026 results after the market close on Jan. 29.