Raymond James Raises NVIDIA Price Target to $515
Raymond James analyst Simon Leopold raised the price target on NVIDIA (NASDAQ: NVDA) to $515 (from $352) while maintaining a Strong Buy rating.
“Strong Buy-rated NVDA’s F2Q27 results and F3Q27/FY28 outlook were well ahead of expectations; shares were up ~5% aftermarket, which equates to $240B in market capitalization.
While nearterm results were outstanding with sales doubling y/y, it is the FY28 outlook for 70% growth that the investors will applaud.
Architectural Evolutions (LPU:NVL racks at 1:1 and agentic CPU Vera racks) accelerate growth.
Capital returns remain robust, with a record $26B returned in F2Q27, including $20B of buybacks and a $0.25/share quarterly dividend totaling $6B; YTD returns equal 60% of FCF, above the 50%+ target.
NVIDIA expects non-hyperscale revenue to outgrow hyperscaler. We raise estimates and our price target goes to $515.”
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