Raymond James lifted Nvidia’s price target to $515, implying a roughly $12.4 trillion valuation. Jonah Lupton says that equals about 30x estimated FY2028 EPS, a

Raymond James lifted Nvidia’s price target to $515, implying a roughly $12.4 trillion valuation. Jonah Lupton says that equals about 30x estimated FY2028 EPS, a multiple he argues could be justified if revenue grows 90% and net margins hold at 55%.