Analyst Atif Malik raised his price target by $100 to $520 while maintaining his buy rating. That share price would be more than four times higher where the stock finished 2022. But neither his price target or bull case are considered outlandish for the stock. Though both are above the average analyst's price target of $479.22, neither exceeds the highest price target on Wall Street of $767 per share, according to Refinitiv. In addition to the price target hike, Malik also raised his outlook for earnings per share in upcoming years.

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Persons: Atif Malik, Malik, Maik, — CNBC's Michael Bloom Organizations: Nvidia, Citi, Devices Locations: Friday's, China