The post Analyst raises Nvidia stock price target amid BlackRock deal appeared on BitcoinEthereumNews.com. HSBC analyst Frank Lee upgraded his Nvidia (NASDAQ: NVDA) stock price target from $200 to a Street-high $320 on Wednesday, October 15, together with a new “Buy” rating.  The fresh number implies a nearly 80% upside from the previous close of $180, an outlook Lee justified by citing the chipmaker’s strong product pipeline, growing customer base, and overall productive output. What’s more, the strategist now predicts fiscal 2027 data center revenue to reach $351 billion, which is 36% above the Wall Street consensus of $258 billion. The earnings forecast for the same period was also raised to $8.75 per share, again higher than the market’s average estimate of $6.48. Notably, the price target has coincided with a new BlackRock deal announced earlier today, which will see Nvidia, Microsoft (NASDAQ: MSFT), xAI, and the investment company purchase Aligned Data Centers, a firm operating data campuses across North and South America, for $40 billion. As a result, NVDA shares are trading at $182.65 at the time of writing, having gained 1.26% on the daily chart. NVDA daily price. Source: Google Finance Nvidia demand keeps rising despite warnings of an AI bubble In his analysis, Lee mentioned renewed chip-on-wafer-on-substrate (CoWoS) allocation momentum at TSMC (NYSE: TSM) while also highlighting Nvidia’s strong wafer outlooks, now projected to reach 700,000 in fiscal 2027 (a 140% jump from current levels). Also weighing in on the ongoing trade war disputes between the U.S. and China, the analyst also expects potential easing of the situation, which he argues could lead to increased demand for GPUs in China.  Likewise, he pointed out that large-scale projects such as OpenAI and Stargate could bring in $250–$400 billion in AI GPU sales in the next few years. With the new price taken into account, the average Nvidia stock price target for the… The post Analyst raises Nvidia stock price target amid BlackRock deal appeared on BitcoinEthereumNews.com. HSBC analyst Frank Lee upgraded his Nvidia (NASDAQ: NVDA) stock price target from $200 to a Street-high $320 on Wednesday, October 15, together with a new “Buy” rating.  The fresh number implies a nearly 80% upside from the previous close of $180, an outlook Lee justified by citing the chipmaker’s strong product pipeline, growing customer base, and overall productive output. What’s more, the strategist now predicts fiscal 2027 data center revenue to reach $351 billion, which is 36% above the Wall Street consensus of $258 billion. The earnings forecast for the same period was also raised to $8.75 per share, again higher than the market’s average estimate of $6.48. Notably, the price target has coincided with a new BlackRock deal announced earlier today, which will see Nvidia, Microsoft (NASDAQ: MSFT), xAI, and the investment company purchase Aligned Data Centers, a firm operating data campuses across North and South America, for $40 billion. As a result, NVDA shares are trading at $182.65 at the time of writing, having gained 1.26% on the daily chart. NVDA daily price. Source: Google Finance Nvidia demand keeps rising despite warnings of an AI bubble In his analysis, Lee mentioned renewed chip-on-wafer-on-substrate (CoWoS) allocation momentum at TSMC (NYSE: TSM) while also highlighting Nvidia’s strong wafer outlooks, now projected to reach 700,000 in fiscal 2027 (a 140% jump from current levels). Also weighing in on the ongoing trade war disputes between the U.S. and China, the analyst also expects potential easing of the situation, which he argues could lead to increased demand for GPUs in China.  Likewise, he pointed out that large-scale projects such as OpenAI and Stargate could bring in $250–$400 billion in AI GPU sales in the next few years. With the new price taken into account, the average Nvidia stock price target for the…

Analyst raises Nvidia stock price target amid BlackRock deal

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HSBC analyst Frank Lee upgraded his Nvidia (NASDAQ: NVDA) stock price target from $200 to a Street-high $320 on Wednesday, October 15, together with a new “Buy” rating. 

The fresh number implies a nearly 80% upside from the previous close of $180, an outlook Lee justified by citing the chipmaker’s strong product pipeline, growing customer base, and overall productive output.

What’s more, the strategist now predicts fiscal 2027 data center revenue to reach $351 billion, which is 36% above the Wall Street consensus of $258 billion. The earnings forecast for the same period was also raised to $8.75 per share, again higher than the market’s average estimate of $6.48.

Notably, the price target has coincided with a new BlackRock deal announced earlier today, which will see Nvidia, Microsoft (NASDAQ: MSFT), xAI, and the investment company purchase Aligned Data Centers, a firm operating data campuses across North and South America, for $40 billion.

As a result, NVDA shares are trading at $182.65 at the time of writing, having gained 1.26% on the daily chart.

NVDA daily price. Source: Google Finance

Nvidia demand keeps rising despite warnings of an AI bubble

In his analysis, Lee mentioned renewed chip-on-wafer-on-substrate (CoWoS) allocation momentum at TSMC (NYSE: TSM) while also highlighting Nvidia’s strong wafer outlooks, now projected to reach 700,000 in fiscal 2027 (a 140% jump from current levels).

Also weighing in on the ongoing trade war disputes between the U.S. and China, the analyst also expects potential easing of the situation, which he argues could lead to increased demand for GPUs in China. 

Likewise, he pointed out that large-scale projects such as OpenAI and Stargate could bring in $250–$400 billion in AI GPU sales in the next few years.

With the new price taken into account, the average Nvidia stock price target for the next twelve months is $225 based on a total of 37 ratings on the market research platform TipRanks.

NVDA 12-month price target. Source: TipRanks

Based on the same data, Wall Street has an overall “Strong Buy” rating on the stock, with just one “Hold” and one “Sell” recommendation. The average price itself suggests a 23% upside potential. 

Featured image via Shutterstock

Source: https://finbold.com/analyst-raises-nvidia-stock-price-target-amid-blackrock-deal/

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