TD Cowen keeps Nvidia Buy rating on strong growth outlook

jp.investing.com (Japanese)

TD Cowen reaffirmed its Buy rating on Nvidia with a $275 price target, maintaining the stock as a top pick after the semiconductor giant's latest earnings and guidance. Nvidia projected 70% revenue growth for fiscal 2028, potentially reaching $690 billion in sales, surpassing market estimates of $573.5 billion. The company expects gross margins of 72%-73% for fiscal 2028, with a slight decline anticipated in the second half of fiscal 2027. Other firms also raised targets, including Benchmark at $335, RBC at $330, UBS at $300, and Raymond James at $515, despite near-term headwinds from rising memory prices.


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TD Cowen keeps Nvidia Buy rating on strong growth outlook | News Minimalist