Question about price targets

Hello! Beginner trader here, mainly focused on swing/long term trades (at least until I get a lil better/more confident 😅)

Despite the recent meteoric rise and dip, I keep seeing names like Wells Fargo, Morgan Stanley, etc., raising their price targets for Nvidia.

I guess my question is: isn't that something viewed as a good thing by the market? Like-- doesn't raising price targets suggest confidence from these giants, about the potential of a stock?

Personally, I think Nvidia is going to be amongst the most important stocks to keep an eye on, in 2026. Between this year's performance, how they've recently reimagined a large part of their business model to reflect industry demand (produce AI-focused hardware to sell or even just...LEND to software companies which entire service heavily, often critically rely exclusively on their hardware (Hank Green has a GREAT video on this & the absurdly profits to cost ratio the company currently has), and the fact they've been an industry giant since before the AI Era in terms of computer graphics/processing power. Granted, I am worried about a few major things (a little about market skepticism about AI being a bubble and A LOT about tariffs and the absurd, nationalistic restrictions this administration has imposed on their ability to sell their best hardware outside the US), but I'm still hard pressed to believe within a 1 year (or even 3-5 year tbh) span their borderline monopoly on computer processing power/AI hardware could be imitated, let alone surpassed, by another company.

Idk-- am I too optimistic? Am I missing something crucially important that I would be able to spot, were I a better investor?

Help 🥲 appreciate any and all opinions/advice y'all have on this 🙏