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<Research>CLSA Expects NVIDIA Revenue to Grow 71% YoY in 4QFY26, Focus on 1QFY27 Guidance
Recommend 0 Positive 3 Negative 6 |
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CLSA published a report covering NVIDIA (NVDA.US), the stock price of which has elevated approximately 7-8% over the past six months, lagging behind other foundational AI peers such as TSMC (up 73%) and memory-related stocks (up 180-300%). CLSA believed NVIDIA offers attractive value, and the capex announced by hyperscale data centers confirm that AI infrastructure development is still accelerating. The broker spotted the upcoming earnings release as an opportunity to reinvigorate the narrative. The broker expected revenue for 4QFY26 to be USD67.2 billion, representing a 71% YoY growth, exceeding the guidance upper limit of USD66.3 billion. This would indicate an acceleration in revenue growth. Although the current forecast for 1QFY27 is USD72.7 billion, representing a 65% YoY rise, any guidance equal to or above USD75 billion would reinforce the message of accelerating revenue growth. The broker assigned NVIDIA a High Conviction Outperform rating with a target price of USD300. AASTOCKS Financial News Website: www.aastocks.com |
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