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<Research>HSBC Research Trims NVIDIA TP to USD310, Expects Quarterly Rev. to Beat
Recommend 1 Positive 2 Negative 4 |
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HSBC Global Investment Research released a report on NVIDIA (NVDA.US), which is set to disclose its 4QFY26 results on Wednesday (25th). The broker forecast quarterly revenue to reach USD68 billion, topping management guidance and market expectations by 5% and 3%, respectively. With the continued production increase of GB300 in FY27, the broker anticipated 1QFY27 revenue to reach USD74 billion, surpassing market expectations of USD71.8 billion by 3%. Despite uncertainties in Chinese exports, the broker has not accounted any Chinese revenue in its forecasts, thus expecting revenue to still beat expectations. HSBC Global Investment Research largely maintained its EPS forecasts for NVIDIA for FY26-28 and trimmed the TP from USD320 to USD310, maintaining a Buy rating. It believed the company's server CPU transactions could prove to be future upside catalyst but remains too early to quantify. AASTOCKS Financial News Website: www.aastocks.com |
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