In "Major Banks," China International Capital Corporation raised NVIDIA's target price to $240.6, with both performance and guidance exceeding expectations

CICC published a report stating that NVIDIA (NVDA.US) exceeded both the firm's and market expectations for its Q4 FY2026 performance and Q1 guidance. The main reason behind this is believed to be the strong shipment of cabinet products driven by the increased demand for inference brought about by Agents. As demand from Agents continues to stimulate cloud vendors' investment in computing power infrastructure, and with the company's leading position remaining unchanged amid rapid hardware iterations, the firm has raised its revenue forecast for FY2027 by 1% to $345.9 billion and its Non-GAAP net profit forecast by 3% to $196.6 billion. It has also introduced a revenue forecast for FY2028 of $438.1 billion and a Non-GAAP net profit forecast of $255 billion.

The firm maintains an "Outperform" rating on NVIDIA, raising the target price by 6% to $240.6, believing that the trend of the company's computing power expansion is clear