Citi Raises NVIDIA Price Target, Keeps Buy Rating
NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Best American Semiconductor Stocks to Buy Now. On May 29, Citi analysts raised the price target for NVIDIA Corporation (NASDAQ:NVDA) from $150 to $180 and kept a Buy rating. This decision came after the company’s April-quarter results that met forecasts. NVIDIA Corporation (NASDAQ:NVDA) projects revenue to be $45 billion in the July-quarter, which is around $1 billion higher than Citi’s estimates. This strong performance and outlook shows that the company has effectively managed the difficult transition following the China H20 ban.
NVIDIA Corporation’s (NASDAQ:NVDA) Blackwell product line generated $24 billion in sales, exceeding the expected $20 billion. The company’s management has also confirmed its target of achieving gross margins in the mid-70s range later this year, showing confidence due to improving Blackwell profitability.
Citi revised its earnings per share (EPS) forecasts for NVIDIA Corporation (NASDAQ:NVDA) for fiscal years 2026, 2027, and 2028. The firm now expects flat EPS growth for fiscal year 2026, a 9% increase in fiscal year 2027, and a 5% rise in fiscal year 2028. These changes reflect expectations of higher gross margins.
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