Nvidia (NVDA) Trading at 14x FY28 Earnings with 34% Upside Target
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowNvidia Corporation (NASDAQ: NVDA) is considered by Piper Sandler to be attractively valued, trading at approximately 14 times estimated fiscal 2028 earnings, which is among the lowest in its AI universe. On September 9, analyst David O'Connor initiated coverage with an Overweight rating and a price target of $300, suggesting potential upside of about 34%. For fiscal Q2 2027, Nvidia reported revenue of $96.2 billion, up 106% year-over-year, while data center revenue surged 117% to $89 billion. This information is crucial for investors as it highlights Nvidia's market position amid competitive pressures and inventory risks.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About NVIDIA Corporation (NVDA)
Nvidia designs the graphics and AI accelerator chips that power gaming, data centers, and the generative-AI boom, making it a bellwether for the semiconductor industry.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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