Key insights
- Aletheia Capital raised its NVDA price target to $270 based on strong AI chip demand and increased revenue/earnings estimates. They anticipate Q1 2027 results exceeding consensus by $2-3B. KeyBanc also raised its target to $300, citing Blackwell GPU shipments. This positive analyst sentiment, driven by AI momentum and cloud capex, suggests continued bullishness for Nvidia and the semiconductor sector, potentially lifting broader US equities.
Investing.com - Aletheia Capital raised its price target on Nvidia Corp. shares to $270 from $250 while maintaining a Buy rating on the stock. The semiconductor giant, with a market capitalization of $5.46 trillion, currently trades at $225.32, near its 52-week high of $236.54. According to InvestingPro analysis, the stock appears fairly valued at current levels.
The firm increased its fiscal 2028 revenue and earnings estimates by 32% and 25% respectively to reflect $1 trillion revenue guidance for the company’s Blackwell and Rubin chip generations and new products including standalone Vera and LPX chips.
Aletheia Capital expects Nvidia’s first-quarter fiscal 2027 results and guidance to exceed Bloomberg consensus estimates by $2 billion to $3 billion. The firm said it anticipates updates on high-volume manufacturing progress for upcoming products, margin impacts from memory price increases, China opportunities and remaining supply constraints.
The analyst cited momentum in GPT-5.5 and Codex as well as continued increases in capital expenditure outlooks from cloud service providers as factors supporting a positive outlook for the company. InvestingPro Tips highlight that analysts anticipate continued sales growth, with the company maintaining an impressive 71% gross profit margin. Investors can access 18 additional ProTips and comprehensive analysis through Nvidia’s Pro Research Report, available exclusively on InvestingPro.
The new price target of $270 is based on 25 times the average of fiscal 2027 and 2028 non-GAAP earnings per share estimates.
In other recent news, Nvidia has seen several analysts adjust their price targets and outlooks, reflecting optimism about the company’s financial performance and market position. KeyBanc raised its price target for Nvidia to $300, maintaining an Overweight rating, driven by anticipated strong results from increased shipments of Blackwell GPUs, which could add $5 billion to $7 billion in revenue. Meanwhile, TD Cowen increased its target to $275, citing robust fundamentals and ongoing capital expenditure in AI. UBS also raised its price target to $275, expecting Nvidia’s first-quarter revenue to hit approximately $81 billion, surpassing the $78 billion guidance midpoint.
Cantor Fitzgerald set a new price target at $350, based on projected earnings per share of $15 to $16 in 2027. Additionally, Nvidia received U.S. approval to sell H200 GPUs to Chinese firms, potentially boosting revenue by 3-5% in 2027, according to Deepwater Asset Management. However, the impact on Nvidia’s upcoming earnings report is uncertain, as the approval will not be factored into the May 20 report. Despite this approval, Nvidia may not include China revenue in its July guidance due to unpredictability in the region. These developments underscore a positive outlook from various analysts on Nvidia’s future prospects.
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