Nvidia received multiple price-target hikes after a strong Q1 earnings report.

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Raised its price target to $150 from $110, maintaining a buy rating

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 Increased its target to $150 from $110, reaffirming an outperform rating.

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Upped its target to $145 from $131, keeping its outperform rating.

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Nvidia stock dipped 0.7% to close at $120.91 after a 0.8% rise to $121.78 the previous day.

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On May 23, Nvidia stock broke out of a 10-week consolidation pattern at a buy point of $97.40.

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Argus analyst Jim Kelleher sees Nvidia positioned for significant growth and momentum.

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Analysts suggest that Nvidia shares "have much further to go" in the coming year.

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