Odaily Planet Daily report: NVIDIA’s latest earnings report and guidance exceeded expectations, boosting bullish sentiment on Wall Street, with over ten major banks, including Morgan Stanley, Citigroup, and Mizuho, collectively raising their price targets. At least 13 institutions raised their NVIDIA price targets, with Raymond James increasing its target from $352 to $515—the highest target currently; Melius Research raised its target from $400 to $420; Bernstein raised its target from $315 to $400; and Rosenblatt Securities raised its target from $325 to $390. Based on NVIDIA’s 24.1 billion outstanding shares, a $515 price target corresponds to a market capitalization of approximately $12.4 trillion.
NVIDIA's latest earnings report significantly exceeded expectations: revenue for the second quarter of fiscal year 2027 reached $96.2 billion, a 106% year-over-year increase; adjusted earnings per share came in at $2.22, up 120% year-over-year; data center revenue totaled $89 billion. The company forecasts median revenue of $108 billion for the third fiscal quarter and expects approximately 70% revenue growth for fiscal year 2028, significantly surpassing the previous market expectation of around 45%. (CLS)