nvidia corp shares zoomed out of the gate thursday morning rallying more than 10 in the first few minutes of trading as wall street analysts could find little to complain about in the chip maker’s earnings report and outlook as it turned in another record quarter nvidia nvda shares gained more than 11 to an intraday high of 32607 and were well ontrack for a new closing record shares last closed at a splitadjusted alltime high of 30804 on nov 8 late wednesday nvidia turned in yet another quarter of record sales beating wall street estimates across the board and forecasting an outlook that also exceeded expectations that followed last week’s gtc where nvidia unveiled several new tools such as omniverse expansions to help developers build the socalled metaverse which several analysts mentioned in their reports of the 43 analysts who cover nvidia 35 have buy ratings six have hold ratings and two have sell ratings of those 24 raised price targets resulting in an average price target of 32531 up from a previous 28070 according to factset data susquehanna financial analyst christopher rolland who has a positive rating and recently raised his price target to 360 from 250 “like clockwork” turned in “another raise and beat” and called out nvidia chief executive jensen huang’s remarks on underpenetration of the data center “interestingly jensen believes that less than 10 of servers are accelerated by gpus today but that attach will grow to 100” rolland said evercore isi analyst cj muse who has an outperform rating and a 350 price target said that huang is “just getting warmed up” and that the “clear takeaway” is that “there remains a long runway of growth ahead of nvidia” “for gaming seasonality is out the window with the company echoing the view that this segment should continue to grow into fy23 considering very lean channel inventory” muse said “and data center is expected to shine once again in cy22 with cloud service providers scaling out deep learning and ai workloads aggressively along with help from continued penetration of ampere at vertical customers and budding software opportunities supporting excellent visibility and ‘quite a good year’ for the segment” muse added bernstein analyst stacy rasgon who has an outperform rating and a 360 price target said it’s “hard to imagine things going smoother” for nvidia but kept a sharp eye on the stock’s already high price with shares “admittedly trading at eyewatering levels and likely requiring investors to begin underwriting some of the new softwaremetaversey opportunities” rasgon said that “valuation without a catalyst is a poor reason to make a move and while we admit to whiteknuckling it a bit here we see a narrative that is growing stronger rather than weaker” jefferies analyst mark lipacis who has a buy rating and raised his price target to 370 from 260 said he estimates a total addressable market of 80 billion from omniverse licenses “we think virtual reality will find its way into numerous other applications not yet fully comprehended by the market” lipacis said over the past 12 months nvidia shares have rallied 140 while the phlx semiconductor index sox surged 96 the sp 500 index spx rose 32 and the techheavy nasdaq composite index comp gained 35