Melius Raises Nvidia Target Price to $400: TAM Growth Drives Increase

Investment research firm Melius has lifted its target price for Nvidia (NVDA) to $400 per share, citing the company’s expanding Total Addressable Market (TAM). Analysts highlighted Nvidia’s strong position in artificial intelligence and data center segments as key drivers of this growth. In its report, Melius noted that rising demand for Nvidia’s graphics processing units (GPUs) and related technologies has broadened the TAM. The firm emphasized that the widespread adoption of AI applications is boosting Nvidia’s revenue potential. The target‑price revision signals significant upside relative to Nvidia’s current market valuation. However, the company must sustain its growth momentum and withstand competitive pressures for the forecast to materialize. Investors may view such target‑price updates as market signals, though share prices can fluctuate based on a variety of factors. This is not investment advice.