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<Research>BofAS Raises NVIDIA TP to USD350; Strong Results and Outlook
Recommend 3 Positive 7 Negative 3 |
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NVIDIA Corporation (NVDA.US) once again delivered impressive results and raised its guidance, BofA Securities said in its report. Although the midpoint of revenue guidance for 2FQ at USD91 billion was in line with market bullish expectations - leading to typical post-earnings volatility, with the stock having declined three out of the past four post-results sessions - the broker advised investors to look beyond such noise and focus on NVIDIA's key strengths. The total addressable market (TAM) for AI was projected to expand fourfold over the next four years, exceeding USD3 trillion by 2030, compared with the broker's previous estimate of USD1.7 trillion. NVIDIA holds a unique full-stack positioning within this market. The company boasts industry-leading gross margins of 75% and a FCF margin of approximately 48%. It also increased its dividend by 25 times to 0.45% and planned to repurchase approximately USD120 billion worth of shares. Overall, BofA Securities raised its EPS forecasts for FY2027 and FY2028 by 9% and 15% to USD9.09 and USD13.27, respectively. The TP was lifted to USD350 from USD320, with a Buy rating. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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