In a report released today, Frank Lee CFA from HSBC maintained a Buy rating on Nvidia, with a price target of $325.00.
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High conviction NVDA bears now have this Tradr ETFFrank Lee CFA has given his Buy rating due to a combination of factors that support further upside in Nvidia’s earnings and valuation. He anticipates another set of quarterly results that exceed both management guidance and market expectations, driven largely by stronger datacentre demand and increased CoWoS capacity, which together underpin a sizable upgrade to Nvidia’s FY28 earnings outlook.
At the same time, he highlights that while traditional AI GPU product cycles and successive “beat and raise” quarters remain supportive, future share price appreciation will increasingly depend on new narratives such as broader customer diversification and emerging opportunities in areas like AI server CPUs and optics. Reflecting these drivers, he lifts his FY27–FY28 forecasts and revises his target price upward to USD325, implying meaningful upside potential that justifies retaining a Buy recommendation.
Lee CFA covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Broadcom. According to TipRanks, Lee CFA has an average return of 30.0% and a 51.22% success rate on recommended stocks.
In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $285.00 price target.