Benchmark Affirms Buy on NVIDIA, $335 Price Target

Benchmark analyst Cody Acree reiterated a Buy rating and $335 price target on NVIDIA (NASDAQ: NVDA).

“NVIDIA shares reversed an initial decline and traded roughly 5% higher after hours, primarily because management provided a much higher FY28 revenue outlook versus expectations.

The company expects approximately 70% growth, implying revenue in at least the $690B range versus the prior Street view of $573.5B, while customer forecasts indicate demand could support roughly a doubling.

We believe the difference between the demand signal and the supply-backed guide creates unusual execution room for further estimate upside even from a quarterly revenue base approaching $100B.”

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