Wall Street is more fired up than ever about how high Nvidia stock can go

• Nvidia is feeling the love from Wall Street after it announced blockbuster fourth-quarter earnings.
• The semiconductor company beat analyst estimates and offered a strong outlook for its AI chips.
• Detailed below is a complete rundown of the Wall Street analysts that boosted their Nvidia stock price target, and by how much.

Nvidia stock soared as much as 16% on Thursday after it reported solid fourth-quarter earnings and a robust sales outlook. But Wall Street is in agreement that the stock can go even higher.

A large number of Wall Street analysts boosted their price targets for Nvidia after the report — some even into four-digit territory — as it becomes increasingly clear that the chipmaker's monstrous earnings growth will likely have staying power as it gears up for new product releases later this year.

Here were the key results from Nvidia's earnings report.

• Revenue: $22.1 billion, vs. analyst estimates of $20.4 billion
• Data Center revenue: $18.4 billion, vs. analyst estimates of $17.2 billion
• Adjusted earnings per share: $5.16, vs. analyst estimates of $4.64
• Gross margins: 76.7%, vs. analyst estimates of 75.4%
• Q1 revenue: $24 billion, vs. analyst estimates of $21.9 billion

"Accelerated computing and generative AI have hit the tipping point," Nvidia CEO Jensen Huang said. "Demand is surging worldwide across companies, industries and nations."

The impressive earnings results and the confidence from Huang during the earnings call ultimately gave Wall Street confidence to boost its outlook for the company.

Following all of the increased stock-price projections, here are the most bullish forecasts on Wall Street, ranked in increasing order of upside from current levels, as of 10:40 a.m. ET on Thursday:

12. Morgan Stanley

• Price target: $795
• Prior price target: $750
• Upside: 2%

11. Citi

• Price target: $820
• Prior price target: $575
• Upside: 5%

10 (tie). Wedbush

• Price target: $850
• Prior price target: $800
• Upside: 9%
• Analyst comment: "Guidance, in turn, implies solid growth off the higher number again fueled by the velocity of NVDA's datacenter business," Wedbush said.

10 (tie). Susquehanna

• Price target: $850
• Prior price target: $625
• Upside: 9%

10 (tie). Craig-Hallum

• Price target: $850
• Prior price target: $700
• Upside: 9%

10 (tie). Oppenheimer 

• Price target: $850
• Prior price target: $650
• Upside: 9%

10 (tie). Itau BBA Securities

• Price target: $850
• Prior price target: $640
• Upside: 9%

10 (tie). Mizuho 

• Price target: $850
• Prior price target: $8225
• Upside: 9%

10 (tie). Fubon Securities 

• Price target: $850
• Prior price target: $680
• Upside: 9%

10 (tie). Needham 

• Price target: $850
• Prior price target: $600
• Upside: 9%

10 (tie). JPMorgan 

• Price target: $850
• Prior price target: $650
• Upside: 9%

10 (tie). Argus Research 

• Price target: $850
• Prior price target: $600
• Upside: 9%

9. Goldman Sachs

• Price target: $875
• Prior price target: $800
• Upside: 15%
• Analyst comment: "This company's aggressive spending posture, in our view, indicates not only management's confidence in the long-term opportunity set, but also Nvidia's ability to attract top engineering talent," Goldman Sachs said.

8. HSBC

• Price target: $880
• Prior price target: $835
• Upside: 13%

7. Bank of America

• Price target: $925
• Prior price target: $800
• Upside: 22%
• Analyst comment: "Perhaps the most important new datapoint in NVDA's earnings call was that AI inference contributed nearly 40% of AI computing mix in FY24/CY23. AI inference is correlated with revenue bearing AI which is supposed to be more competitive, as opposed to AI training which NVDA already dominates," Bank of America said.

6 (tie). KGI Securities 

• Price target: $950
• Prior price target: $840
• Upside: 22%

6 (tie). BNP Paribas 

• Price target: $950
• Prior price target: $780
• Upside: 22%

6 (tie). Haitong International 

• Price target: $950
• Prior price target: N/A
• Upside: 22%

5 (tie). Benchmark Co.

• Price target: $1,000
• Prior price target: $625
• Upside: 28%

5 (tie). Bernstein 

• Price target: $1,000
• Prior price target: $700
• Upside: 28%

4 (tie). WestPark Capital 

• Price target: $1,050
• Prior price target: $810
• Upside: 35%

4 (tie). Baird 

• Price target: $1,050
• Prior price target: $750
• Upside: 35%

3. KeyBanc Capital Markets

• Price target: $1,100
• Prior price target: $740
• Upside: 41%

2. Loop Capital Markets

• Price target: $1,200
• Prior price target: N/A
• Potential upside: 54%

1. Rosenblatt Securities

• Price target: $1,400
• Prior price target: $1,100
• Potential upside: 80%