Nvidia’s latest earnings report and forward guidance came in above expectations, prompting a broad round of price-target increases from Wall Street firms including Morgan Stanley, Citi and Mizuho. At least 13 institutions raised their targets, according to the news digest. Raymond James set the highest target now on the board, lifting its view from $352 to $515. Other moves cited include Melius Research raising its target from $400 to $420, Bernstein increasing its target from $315 to $400, and Rosenblatt Securities moving from $325 to $390. Based on Nvidia’s 24.1 billion shares outstanding, a $515 target implies a market capitalization of about $12.4 trillion. Nvidia reported fiscal 2027 second-quarter revenue of $96.2 billion, up 106% year over year, with adjusted earnings per share of $2.22, up 120%. Data center revenue reached $89.0 billion. The company also guided to midpoint revenue of $108.0 billion for the third fiscal quarter and said it expects fiscal 2028 revenue growth of about 70%, above the market’s earlier expectation of around 45%.
Nvidia’s latest earnings report and guidance topped expectations, fueling a bullish response on Wall Street and triggering a fresh round of price-target increases from more than a dozen major firms, including Morgan Stanley, Citi and Mizuho.
At least 13 firms raised their targets
According to the news digest, at least 13 institutions lifted their price targets on Nvidia. Raymond James raised its target from $352 to $515, the highest target cited so far. Melius Research increased its target from $400 to $420, Bernstein moved from $315 to $400, and Rosenblatt Securities lifted its target from $325 to $390.
$515 target implies about $12.4 trillion in market value
Based on Nvidia’s 24.1 billion shares, a $515 price target would translate into a market capitalization of about $12.4 trillion.
Earnings and guidance both beat expectations
Nvidia reported fiscal 2027 second-quarter revenue of $96.2 billion, up 106% from a year earlier. Adjusted earnings per share came in at $2.22, up 120%, while data center revenue reached $89.0 billion.
The company said it expects midpoint revenue of $108.0 billion in the third fiscal quarter. It also projected fiscal 2028 revenue growth of about 70%, well above the market’s previous expectation of around 45%.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
