Analysts Boost Nvidia Price Targets After FY28 Guidance Crushes Consensus
NVDA sits 38% above its 52-week low of $164.07.
Summary
Nvidia's Q2 results and FY28 guidance triggered a wave of analyst price target increases. Wedbush raised its target to $345 from $330, Rosenblatt to $390 from $325, while KeyBanc, DA Davidson, and Benchmark maintained targets. The key new information is management's first full-year FY28 revenue growth guidance of ~70%, far above the 45% consensus, implying ~$690B in revenue versus the Street's $573.5B. Analysts also highlighted gross margin guidance of 71.5% for Q4 and 72.5% for FY28, reflecting higher memory costs. The stock is up 8.69% to $227.81, near its 52-week high. This follows the Q2 earnings beat reported yesterday, but the analyst reactions and specific FY28 figures are new and material for positioning.
At the time of this announcement, NVDA was trading at $225.93 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.5T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.