Nvidia’s latest financial results and guidance exceeded expectations, strengthening bullish sentiment on Wall Street and prompting more than 10 major banks and financial institutions to raise their price targets. At least 13 firms have lifted their targets since Aug. 27. Raymond James Financial raised its target from $352 to $515, the highest target currently reported. Melius Research increased its target from $400 to $420, Bernstein from $315 to $400, and Rosenblatt Securities from $325 to $390. Based on Nvidia’s 24.1 billion shares, the $515 target implies a market capitalization of about $12.4 trillion.