tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

HSBC upgrades Nvidia to Buy on earnings upside potential

HSBC upgraded Nvidia (NVDA) to Buy from Hold with a price target of $320, up from $200. The firm sees potential for “significant” earnings upside in Nvidia’s fiscal 2027 on renewed chip on wafer on substrate allocation momentum. Nvidia’s “aggressive” fiscal 2027 CoWoS wafer forecasts at TSMC will drive upward revisions to 2027 datacenter revenue estimates, the analyst tells investors in a research note. HSBC also believes potential easing of China graphic processor unit uncertainties following a potential U.S.-China trade deal could enable Nvidia to see a demand recovery in the Chinese market. HSBC’s fiscal 2027 earnings per share estimate of $8.75 is significantly above the consensus of $6.48 despite not including any revenue from chip exports to China.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1