HSBC Research Raises NVIDIA Corporation TP to USD360, Maintains 'Buy' Rating
AASTOCKS News·
- HSBC Global Investment Research raised NVIDIA Corporation 's target price to USD360 while maintaining a 'Buy' rating.
- The revision is driven by expected better-than-expected fiscal 2Q27 results, memory-driven price increases, and expanded markets from open-source small language models.
- Consequently, the broker increased the EPS estimates for fiscal 2027 and 2028 by 5% and 10% respectively, reflecting higher data center revenue forecasts.
