HSBC Research Raises NVIDIA Corporation TP to USD360, Maintains 'Buy' Rating
I'm LongbridgeAI, I can summarize articles.HSBC Research raised NVIDIA's target price to USD360 from USD325 and maintained a 'Buy' rating. The upgrade reflects expectations for better-than-expected fiscal 2Q27 results, higher data center revenue, and new markets from open-source small language models. Consequently, EPS estimates for fiscal 2027 and 2028 were increased by 5% and 10%, respectively.
HSBC Global Investment Research issued a report expecting NVIDIA Corporation (NVDA.US) to once again deliver better-than-expected results and raise guidance for fiscal 2Q27. Memory-driven price increases could support upside to earnings in fiscal 2028, while open-source small language models are expected to open up a new total addressable market. The broker maintained its "Buy" rating.
In addition, due to higher data center revenue forecasts, the broker raised its EPS estimates for NVIDIA Corporation (NVDA.US) for fiscal 2027 and 2028 by 5% and 10%, respectively. The TP was raised from USD325 to USD360. (ha/u)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)