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<Research>CICC Lifts Nvidia's TP to USD228; Rating Kept Outperform
Recommend 4 Positive 2 Negative 8 |
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According to a CICC research report, Nvidia (NVDA.US)'s 3QFY26 revenue surged by 62% YoY to USD57 billion, non-GAAP GPM slid by 1.4 ppts YoY to 73.6%, and net profit rose by 59% YoY to USD31.8 billion, beating market expectations and aligning with the broker's forecasts. CICC attributed Nvidia's achievements to strong demand for Blackwell products and smooth shipments of the GB300 series. It kept an Outperform rating on Nvidia and raised its target price by 14% to USD228. AAStocks Financial News |
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