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Citi Raises Nvidia's Target Price to $210 and Upgrades EPS Forecasts for Current and Next Fiscal Years
2 week ago /
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Author：小编
Following Nvidia's second-quarter sales and gross margin guidance surpassing market expectations, Citi has revised its outlook for the company. Nvidia reported a second-quarter revenue of $46.743 billion, marking a 56% increase year-on-year, with its gross margin guidance exceeding projections. Consequently, Citi has upgraded its earnings per share (EPS) forecasts for fiscal years 2025 and 2026, increasing the target price from $190 to $210, while maintaining a "Buy" rating. Nvidia anticipates third-quarter revenue to reach $54 billion.
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