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.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
