UBS Analyst Bullish on Nvidia Ahead of Earnings, Sees 28% Upside Potential
UBS analyst Timothy Arcuri has raised his price target for Nvidia (NVDA) to $245 from $235, maintaining a Buy rating ahead of the company's Q4 earnings report on February 25. The revised target implies a 28% upside from current levels, reflecting confidence in the chipmaker's growth trajectory.
Supply chain checks indicate robust demand despite recent sideways trading, with revenue projections exceeding guidance. Arcuri forecasts Q4 revenue of $67.5 billion—$2.5 billion above company estimates—and Q1 revenue around $76 billion. Gross margins are expected to hold at 75%, countering concerns about competition from Google and Broadcom.
China remains a wild card as local firms shift toward domestic chips, though potential orders could add billions in revenue. The March GTC developer conference may serve as a catalyst for renewed investor enthusiasm.
